Whoever said Hess Corp. was in a death spiral it appears they were right. It looks like we are headed below 13 billion market cap and maybe 10 by the end the year. I bet we have layoffs just to satisfy the stock holders that something is being done to cut costs.
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Hess is under $12 billion cap and headed for under $10 billion by end of year. Hold on, layoffs are coming!
A company can't last that has people in lead positions that don't even understand how things work or know what their people even do! You also can't go from having parts you need to keep things running to being weeks out to get these parts to keep things running. Also pulling people out of the field to go to trainings and meetings that have nothing to do with their jobs is crazy.
This Company is going Down for the last 4-5 years...Very poor management and no good G&G people! There is no hope for them.. Cash out