Something has got to happen soon to stop our death spiral. I am afraid we are about to have another big layoff soon. Has anybody heard if management has a rabbit to pull out of the hat soon?
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Hess Corporation layoffs will be bad this fall! I don't think they will be rehiring any of the talent they laid off. When they are done all that will be left is supervisors and managers. None of which has ever made any money for this company!
Maybe Hess can cut its dividend and use the cash to help cushion its operating losses or even rehire some of the talent that it laid off who might be able to find ways to increase production.
Here we go! Under 13 billion headed for 10 billion. What do we do?
We are dropping like a rock! We will go under $13 billion very soon and it looks like we may go under $10 billion before the end of the year. Better start getting out resume's ready!
We are still dropping while other energy stocks are rising? Not good!