The axe swings again... It appears as they are just getting warmed up
5 replies (most recent on top)
You sir are an idiot, there's nothing I can do to explain to you that the drop in commodity prices means our reserves (future production) is worth less (no sh*t everyone already knew that). It's the entire reason all oil and gas stocks have dropped, but don't act like its some shocking new revelation. I don't see anyone arguing with you that the company is doing great... No one on this board thinks that.
Yeah, paper losses mean nothing. Doesn't factor into earnings per share at all. Oh, wait, never mind. At least the dividend will have a nice yield, oh, wait, never mind. The stock price seems to be responding very well to these paper losses. Fortunately, since you seem to be so attracted to these phantom financial matters, you'll enjoy your paper bonus.
As far as the non cash issue, I think CHK is doing just fine in the cash burn department too. Going to have to tap into that 4B LOC in Q1 16'. I'm sure the analysts and markets will respond well to that too. Looking forward to those headlines.
Layoffs happening in Operations no more 24/7 Operations in all departments also pay will be a consideration.
You do understand that the large loss reported was due to an expected impairment on reserves... It's a 100% non cash paper loss that was fully expected by everyone including analysts, and is happening at all public E&Ps right? Nah, I didn't think so, cause you probably just read the headline and ran here to spew bull****.
Would you really be that surprised? Our biggest loss in the past decade was $5 billion back in 2009. We just knocked that out in 3rd quarter alone. Actually showed a profit all of the other years, even during the 2008 debacle. Are we supposed to just keep on kicking the can down the road and expect things to magically get better?