Oils tanking. New lows and the stock market is exploding.
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Understanding the basic financials, especially in times like these, allow us to better gauge what's really going on in terms of cutbacks, layoffs and even bankruptcies and mergers. Sites like these exist because it's often the only way information is passed and when it comes to being unsure from day to day whether we have a job, the more information we have, the easier it is to sift through what's being sugarcoated and what's being tossed out there to distract workers. The financial aspects are the core of how decisions like layoffs are determined and everyone knows when it comes right down to it, loyalties will ALWAYS go to the board of directors and not the employees. You can be sure that if the Fed does make a move with increasing interest, it's going to be harder to finance projects because they'll cost more with interest. Fewer projects means fewer workers.
HaHa Anonymous141245... Yes, I work at Gorgon and No, I really don't give a damn about financials.
Haha Anonymous 141064, not concerned about financials? Are you managing the Gorgon project perhaps? You do realize that Chevron is a publically traded company beholden to shareholders? Hope those words arent too difficult for you to comprehend (?). Market conditions and Chevron financial management dictate all that is germane to the subject of layoffs. Its never too late to learn how the world really works. Hopefully that's not too big a reach for you.
I think the the angry, foul-mouthed posts on this board criticizing posts about CVX's financial situation are written by Millennial twerps living in Mommy and Daddy's basement who know nothing about finance and never will. That is why any talk about how finance and layoffs are inextricably-linked scares them and they lash out. Good luck making it in the world. You are on your own.
Sure, you who enjoys the financial commentary, is the same dick who posted this thread in the first place. Jackass.
I for one enjoy the financial commentary. Helps give me an idea on what to do with some investments to soften the unemployment blow.
We don't want your opinions on financial matters. This site is for addressing our concerns on the security of our jobs, as well as the rumors and truths of what is taking place in Chevron. Let's try to keep it limited to this, please. If the site becomes known for miscellaneous crap other than what concerns the average Joe or Jane at Chevron, it will go downhill and the serious posters will tune out. Please understand.
Thanks for calling me an idiot...bitch lol I work at CVX and I'm just giving ideas on what people can do in these crazy times.
Hey, this is the Layoff site!! Don't change it. Go open your own stupid financial investing site elsewhere. Idiot.
If anyone follows the COT (Commitment of Traders) report published weekly, it looks like the "insiders" (those who use the futures market to hedge against risk) know something we don't. The COT index on a period of 156 is showing that there will be a short term WTI rally in the next few weeks. Check out this chart...
http://www.timingcharts.com/
SYMBOL: Crude
DATABASE: Futures only
OUTPUT: COT Index
Weeks: 156 Weeks
38.43 /wTI
I mentioned here a few days (WTI October futures contract was trading at ~42) ago for folks to short WTI and buy UCO puts. On the 5 minute chart though, looks like WTI is recovering and will make a run above 40 in the next few weeks. Bearish for now.