better idea that could be well received by investors: Exit Ryan and the rest of his clowns

Raising dividend by a penny and cutting the deepwater (and of course cutting more staff!). WoW it sounds like a disparate move!!

Clearly the move was not well received by the investors, it sent ConocoPhillips Stock to a New 53-Week Low…way to go Ryan with your CLEAR VISION of ORGANIC GROWTH. Its clear now what did you mean by Organic Growth: it is the Tumor of incompetence and infectiveness in the company (way more managers than actual workers, every 4 employees have a manager).

Here is a better idea that could be well received by investors:

May be it is time for a Ryan-exit and the rest of his Clowns for the miserable failure of their strategy.

And please clean up the so-called “Technology” from all those useless managers (4 layers of management in technology). You have a CTO with new fresh vision for technology but don’t really understand why ConocoPhillips still have that useless VP technology SST (GRE) with the rest of his “Clowns” Managers.

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Wow, thats all I can say. I never understood the split. The reason they merged in the first place was that they balanced each other regardless of downturns in the industry. Now COP seems to be digging themselves into a huge hole, and I worry for the rest. Is COP to deep in debt to be bought out? Is there any company that will be interested in them?

I don't understand this. The major competitors are doubling down in deepwater, while conoco exits. Are we sure the oil sands are as good as we say they are? If not, then we are in for a very unhappy time when this all comes home to roost. Some of that deepwater stuff works at below $50 oil but the oil sands don't work at less than $90 oil. Help me with the math here?

I won't claim to be a business or finance expert but I can't seem to wrap my head around the company's business model right now. It seems the company is willing to sacrifice any chance of long term success for short term sustainment. I guess if I got 27 million a year I wouldn't care about long term either, I would have quite the bank account as I was walked to the door. Just like the government does to its citizens the company is doing to its employees. Sacrifice the little guy for the few on top.

Maybe it is the supervisors / managers that are getting the boot this time. Your bang on that they are top heavy. It is mandated that every 6 employees have supervised in the office.

One step back. If COP had not spun off Phillips 66, they would have been in a much better position. THe other integrated companies are making money in their refinery divisions. Fire all the idiots who came up with the idea of a split. COP was the only integrated company to pull that stunt, and is suffering for it. Or more accurately, its employees are suffering.

why'd the stock price go down after the deepwater announcement? perhaps it has something to do with an aspect of the deepwater cut that wasn't mentioned by Clowns, Inc. today:

"There was a problem, Conoco’s stock fell more than 2% after the announcement. Perhaps it was the terms of the three-year contract the company cancelled with Ensco PLC (NYSE: ESV) for a drillship. According to Ensco, Conoco is obligated to pay Ensco the operating day rate of the drillship monthly for two years. The day rate of Ensco’s DS-9 drillship is approximately $550,000 a day. That works out to $16.5 million a month, $198 million per year, or $396 million for the two-year period."

Read more: What Conoco Earnings May Really Say About Its High Dividend - ConocoPhillips (NYSE:COP) - 24/7 Wall St. http://247wallst.com/energy-business/2015/07/29/what-conoco-earnings-may-really-say-about-its-high-dividend/#ixzz3hMUS3kQK

Read the article and marvel at the monumental stupidity of what was done. "Conoco said that details of the termination are under discussion but that the company expects to take a charge in the third quarter as a result."

So, in CEO terms, that's a roughly 0.4 Billion dollar loss htting the books in the third quarter. Perhaps an additional round of layoffs early next year, and another dividend increase are in order. Moar, bitches!

Thread regarding ConocoPhillips layoffs

better idea that could be well received by investors: Exit Ryan and the rest of his clowns

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