Remember that if Punxsutawney Lance seeing his shadow that means six more weeks of layoffs, anyone speak groundhog-ese?
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It will be a rough 6 weeks as Lance tries and puts flags up to see which way the wind is blowing since misleading investors about the dividend. He is going to have a tough time convincing analysis that COP is an organization to invest in. Additionally there will be the need to adjust cost even more which means the only way to do that is to release more employees......That is the only controllable cost that COP can make in addition to reducing operations. Reducing operations goes hand in hand with staff reductions......But don't expect Lance and the managing committee to take pay cuts......just those they release.....