Thread regarding Southwestern Energy Co. layoffs

SWN is pretty beaten up but they can handle it for another year

Only a moron would think SWN will be bankrupt in the coming months and the only "oil companies" that think they will be bankrupt soon are "oil companies" who will be bankrupt even sooner because they are financial idiots. SWN doesn't even owe on a significant portion of their debt until 2018. AND they have 1.9 Billion in credit remaining. AND they still have the option of offering more shares to raise cash. AND we are entering a La Niña weather pattern which gives an 80-90% chance of a harsh 2016-2017 winter as US natural gas production begins to decline.

Sure, SWN is pretty beaten up but they can handle it for another year or two before they need to start worrying about bankruptcy. The people posting about bankruptcy soon have offered nothing to support their opinions. These people are one of two things, internet trolls or complete morons.

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Post ID: @OP+Gs8yHEY

7 replies (most recent on top)

I agree Jim Emberger is a wannabe for attention, He never mention his fruit cake friend David Susuki fill a swamp and build a 4 million dollar on it ... Hypocrisy at its finest moment

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Post ID: @1npy+Gs8yHEY

The granolas want green projects bigger the better. They say Muskrat Falls might be shelved? Wow and their getting the water to produce for free . Good investment !!

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Post ID: @1wgj+Gs8yHEY

Here in NB we have a granola bar called Jim Emburger . They chased him out of the US because he is a complete phoney and love the 15 minutes the media give him. Tell all the men and women that lost their jobs to fruit cakes like you .go back to Iraq or where ever u came from

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Post ID: @1aoy+Gs8yHEY

@Gs8yHEY-xvc that's a great point. CHK took a small haircut in the deal to have SWN indemnify them for any claims from the wells already drilled.

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Post ID: @zdz+Gs8yHEY

Well that says more about swn then anything, where was their due diligence? For the asset itself, it is a good asset better then anything else swn owns by far.

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Post ID: @dsg+Gs8yHEY

SWN's Chesapeake assets in West Virginia are crap. They bought 400K+- acres from CHK for 5.4 Billion dollars with a 400MM discount for no due diligence. CHK is notorious for hastily buying leases. There is no doubt that they bought plenty of bad leases and are very vulnerable to the same types of litigation that is haunting CHK in other parts of the country. It is my understanding that they don't plan to develop about half of that acreage and will lose those leases once they expire.

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Post ID: @xvc+Gs8yHEY

What did our numbers look like last year?

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Post ID: @twh+Gs8yHEY

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