That wonderful credit line will be evaluated at the end of this month. Keep a close eye on a possible credit line decrease .... Dividend will be out the window. The slaughtering of minions can't happen fast enough for their 1 billion in savings which won't amount to much. Need to lower opex staff levels to 7500.
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The production via fracking wells is short lived compared to the production via conventional wells. Production will decrease quickly for the producers heavy in fracking wells such as ConocoPhillips. End result is less production and less cash flow (negative cash flow, but cash flow nonetheless). The bankers will come a knocking...
176392.....who is the dumbfuck now! Lol! Several operators have started this practice. Less production means less rigs means less minions. Keep in mind everything is HBP most assets with a few obligations here as there.
All of them......
WILL?! They already have dumbfuck