Thread regarding Energy Transfer Partners L.P. layoffs

Even fee-based companies can only hide so long from spot price exposure risk (downstream and upstream).

Ever growing fixed and variable expenses coupled with a management structure that resembles an inverted triangle (top heavy management and minimal field employees). Unless you are (1) totally OK with being micromanaged and tracked OR (2) you are in the FOK (friend of Kelsey) category....your career will go nowhere.

by
| 2500 views | | 2 replies (last February 19, 2016)
Post ID: @OP+AFiJykf

2 replies (most recent on top)

I don't know about that. I've seen a site with a 1200hp turbine with 6 guys. I've seen Kinder Morgan operate 3 stations with one guy.

by
|
Post ID: @5mozx+AFiJykf

What does that even mean? The very nature of fee-based companies means they're immune from spot price exposure so you're not making any sense.

by
|
Post ID: @3BjjA+AFiJykf

Post a reply

: