$500 million cash flow negative per month.
Every two months that goes by is 1 billion dollars down the toilet!!!!
More cuts to come!!!!!
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Think they are bleeding thru their anus because big daddy RL is f***ing them so hard.
So basically your telling me that they won't be giving us back our free pop and juice anytime soon?
Propping my ass!! Losses are losses get the f*** out here with that nonsense. No institutional investor will continue to invest money in a company that waste money on stupid shit, I.e. To many supervisors and managers and minions.
Institutional investors own 65% of ConocoPhillips shares. The institutional investors (banks) are propping up the company to avoid losses in the company.
Do we stand a chance?
Yep, smaller E&P's will not pay for COP's assets because they are marketing them at 100.00 dollar oil. Those days are gone at least for now will be gone long enough so that the larger operators will buckle and will eventually sell at lower prices.
And do note the "loss" is not the whole picture. The quarterly loss is less the asset sales and less the taps into the credit facility. The company cannot keep the lights on without asset sales and/or tapping into the credit facilities. No buyers for the assets. No increases on the credit facilities.
yeah but my first year salary was the problem! haha what a poorly run company, I never should have accepted their offer
Seems like in 4 months they will pretty much go through there operating cash flow, not to mention they made a negative 1 billion in the third quarter.