Thread regarding Murphy Oil Corp. layoffs

The lower for longer price in oil has exposed past sins.

The board divested the stronger performing assets ( Murphy USA & Refineries) a couple of years ago and has left the typically strong E & P Division exposed to commodity volatility. Didn't we learn during the housing crisis what goes up can also come down? Great job Claiborne Deming! Your bad decisions put good people out of work. Maybe MUR needs a new Board? New multi-million dollar building in El Dorado, exorbitant spending on a new location in Houston and why do they continue to spend money on El Dorado while the industry is in Houston. Wasting money with a sentimental tie to EL Dorado. Vote for a new Board please!

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Post ID: @OP+F1bK940

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The building in "hicktown" supports less than 100 people plus while the company had two major layoffs last year, they spent over $50 million dollars in implementing SAP. That doesn't make sense to implement a large project like that while Oil & Gas industry is struggling and hundreds of people globally lost their job. I say the executives and the board that makes these decisions need to be changed. Murphy Oil needs to get rid of their building in El Dorado, relocate to the Houston office, change their board and CEO.

Post ID: @1lhya+F1bK940

Your absolutely right. A brand new building in 'hicktown usa' for only a few hundred people. Makes no sense. The board just wastes money while good people in Houston lose their jobs.

Post ID: @Jykq+F1bK940

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