Arjun predicted wrongly $200 oil .. These Goldman guys always want to be in limelight with risk taking positions ..
Does it mean COP will be moving to more riskier plans ?..
Ed Grose predicted oil crash correctly when other analysts had no clue .. He would have been a better person ..
"Our people are our biggest assets". That is why they are laying people off when they mention divesting assets. Or, as we used to say at ARCO when BP took us over, "BP didn't want the asses, just the assets".
COP also doesnt hedge, they bet the farm on $100+ dollar a barrell...it is not conservative and a good capitalist economy should have fired all the board of directors for this.
Correction to the last post Conoco's clique centered culture. There are no Phillips people left.
ConocoPhillips has some great takeover defences:
Bulk to ensure only the largest E&P's will consider a takeover
Assets that don't interest the largest E&P's
Phillips culture
is it possible COP is ready for sale so they have added those new board members ?
By virtue of 100% E&P ConocoPhillips is not a conservative company. Downstream is low margin / low risk. Upstream is high margin / high risk. Perhaps next week I will ask Arjun Murti about the prospect for the industry as a whole over lunch.
Who cares!
trolling for information...