Thread regarding ConocoPhillips layoffs

What do you think?

Since Buffett is doubling down on P66 would you read this as an indication of him believing that a rebound in #oilandgas is around the corner?

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| 1983 views | | 7 replies (last January 16, 2016)
Post ID: @OP+FrOOuTZ

7 replies (most recent on top)

Yes, and even more layoffs around the next corner too.

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Post ID: @2hgw+FrOOuTZ

The only thing around the corner is more layoffs.

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Post ID: @1yfy+FrOOuTZ

Jimmy Buffett lives in Margaritaville and would never think about stepping foot in B-Ville.

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Post ID: @nec+FrOOuTZ

Buffet is known for willing to wait for the next 10 years or longer

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Post ID: @hrn+FrOOuTZ

The risk to downstream is upstream as upstream will not be able to continue to pay the bills at some point. P66 is an excellent candidate to purchase upstream assets including aviation and tankers.

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Post ID: @jgy+FrOOuTZ

No, refiners like P66 are doing very well...without the liability of the well!

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Post ID: @qji+FrOOuTZ

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