Thread regarding LinnCo LLC layoffs

Linn energy tried to grow too fast.

They may be a great company to work for, every other Friday off, great pay, etc., but they lack structure in all aspects of the business. A company that size needs to have schedules, rules and guidelines to be followed and when they don't it's a problem, growth becomes a big nightmare. As a royalty owner who inherited this from the family (a very small share) I have to say that every time I called I never had anyone answer the phone, always a voice mail. When sending emails you were lucky to get a response. I once asked the question "What date are the royalty checks cut?", the answer I got was sometime the last week of the month. That's not the answer for a company that size it should be a specific date each month, maybe that every other Friday off is a problem. Prior to Linn Energy being the producer/processor of the natural gas BP Amoco was. When BP Amoco did the producing/processing our royalty checks were on the 20th of the month in the mailbox that day regardless (other then Sunday). I am talking about the same day every month for over 40 years that I am aware of. Maybe Linn Energy should have been a little more detailed in what they had rather then shuffle growth in a unsure industry. Hopefully the bankruptcy reorganization will force the issue and require them to become a more structured, dependable organization as their predecessor was.

by
| 1305 views | | no replies yet
Post ID: @OP+HKpMswZ

There are no replies in this thread yet. Be the first to post a reply below:

Post a reply

: