When i was in the group 8 months ago the price management kept saying was $60-$65/bbl which concerns me as a stock holder cause WTI and Brent don't look like they're going to get close to in 2016 and maybe even 2017. What are people thoughts?
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That sounds like a North Korean style plug from COP management! Our Glorious Leaders...diligently...ROTFL
@vki: I was being facetious, but I do believe the part about more layoffs and asset dispositions.
@qbi: wow, nice shill for the ELT. You don't actually beleive any of that BS, do you?
The question is two-fold: (1) will COP survive, and (2) as an employee will it be my place of employment?
Who cares if COP survives if you get laid off or if working conditions are undesirable enough that you leave? In that case you'll have already cashed out and then COP is just another stock in an index fund.
Remember, because of special stock perks senior management has a different set of incentives than everyone else.
There's no need for concern. Our ELT has been working diligently to streamline our operations and become a more efficient operator. I have absolute faith that our experienced leaders will guide our company to profitability even if oil price stays in the 40 $/bbl range. That might happen after we layoff more people and sell more assets, but am confident in our executive staff making the right decisions.