Could or should XOM buy CoP - what would happen to shareprice?
https://www.thestreet.com/story/13581954/1/will-conocophillips-cop-stock-be-affected-by-lower-oil-prices.html?puc=yahoo&cm_ven=YAHOO
Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D+. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins, weak operating cash flow... — read more
Any updates on the Surmont situation?
Any damage from the abrupt shut-in?
Options
So the company is staffed for 24 rigs and we are only running three rigs. Oh I wonder what our options are hmmmm.
Elon Musk is no dummy
Total electric autos by 2050
Petition2congress.com Sign the petition to abolish H1-B visas and H4 visas.
Petition2congress.com Sign the petition to abolish H1-B visas and H4 visas - 7637/abolish-h1b-visa-program/view/ Indians and chinesse are taking jobs away from Americans. Greedy big corporations are opting for cheap overseas labor and replacing... — read more
Newfoundland waters next big drilling site? Canada to change law.
You will probably have seen this - http://fuelfix.com/blog/2016/05/13/is-canadas-east-coast-the-next-north-sea-for-oil/
Alright boys and girls!!! COP is officially 74.76% debt/equity......they are in serious trouble! This is really bad.
There was also 300 folks layed off during the first quarter, total employee count 15,600. The ship is sinking and the rats are going down with it. If oil persists at the current levels you can bet your bottom dollar there will be more layoffs then... — read more
Alright boys and girls!!! COP is officially 74.76% debt/equity......they are in serious trouble! This is really bad.
There was also 300 folks layed off during the first quarter, total employee count 15,600. The ship is sinking and the rats are going down with it. If oil persists at the current levels you can bet your bottom dollar their will be more layoffs then... — read more
Alright boys and girls!!! COP is officially 74.76% debt/equity......they are in serious trouble! This is really bad.
There was also 300 folks layed off during the first quarter, total employee count 15,600. The ship is sinking and the rats are going down with it. If oil persists at the current levels you can bet your bottom dollar their will be more layoffs then... — read more
Snowball in ????????
COP is one of the most discriminating companies I know. They are have it but there is always a reason or loop hole to make it in their favor. I am sick and tired of being told to work hard do you best follow the career map, blah, blah, blah. When we... — read more
Why did Ryan Lance and his team travel to Farmington, NM?
Why did Ryan Lance and his team travel to Farmington, NM to address San Juan Asset at town hall meeting yesterday May 11th? Many are speculating he wanted to look at offices and plans to close one, (30th Street). Perhaps donate office to college for... — read more
When I was 'retired' in '94 .....WTI was at $14....looks like we have avoided that during this downturn
Enjoy my monthly check from COP.....also enjoy fishing 2-3 times a week....luckily the bait store also sells beer, only have to make one
Probability of bankruptcy 38%
https://www.macroaxis.com/invest/ratio/COP--Probability-Of-Bankruptcy The link shares some analysis on the probability of bankruptcy for ConnocoPhillips based on quarterly performance results, ratio analysis and a proprietary multi factor model.
Further cuts coming...
Layoffs are looming. Thoughts on where, when and how many?
Unused Vacation Time - Voluntary Resignation
Does anybody know... If you voluntarily leave the company, do you receive a lump sum payment for your unused vacation time?
Conoco's cheap-assFort Mac response
Conoco donated $1 million after Calgary floods but only $250k after Fort Mac fires
For all millennials, here Is something to read...
http://www.cheatsheet.com/money-career/your-employer-isnt-your-friend-and-millennials-know-it.html/?ref=YF
Debt to equity at 75% COP is in trouble! Time to completely eliminate the dividend.
Anadarco/Apache has the same production as us but with 9,000 fewer employees. Why do we have so many people?
Annual Meeting Questions
The purchase of APLNG was based on an overstatement of resources. Where is the accountability? The manager responsible for the deepwater GOM fiasco is now head of exploration. Please explain how this makes sense. What are the full cycle return on... — read more
Top LT to travel to SJBU/RBU
We were told they are traveling to the Southwest because it is on RL goals to visit....Does this sound legit? If they are closing down an asset do they travel to it?
Disappointing to see so many expats still taking Americans' jobs.
As I walk through the halls, I ask myself, "How can there still be so many Canadians, Venezuelans, Nigerians, Arabs, etc. working here, when Americans were laid off that were just as qualified and could have filled these spots?" I know they kept the... — read more
left the company, hope it helps my old team
I had lost faith in the company over the last year or two. I started to find my loyalty wavering before oil prices began to fall. My work ethic and pride in myself was the only thing that kept me coming in and doing the best I could until I found... — read more
U.S. oil industry bankruptcy wave nears size of telecom bust ... Oil companies have issued record bonds. Banks have started tightening..
http://www.businessinsider.com/r-us-oil-industry-bankruptcy-wave-nears-size-of-telecom-bust-2016-5
Who's gotta go? I wanna hear names...
Ok, let's all admit it. We still have dead weight in the orlverstaffed organization. Who's gotta go? Let's here some names folks.
Was looking at Balboa Beach, California for a retirement home
4 to 6 million!....who are these buyers?....Japs and Arabs?...forced retirement from COP....guess I was sold a bill of goods...lol
This puts everything into perspective - $30 billion in long term debt and $700 million in Q1 Revenue.
How did COP go from a major oil & gas company to this: http://seekingalpha.com/article/3969943-conocophillips-poor-first-quarter?auth_param=7hg59:1bib8rl:78cd98a2527d10e368de1e55acbf5939&uprof=45
Oil market deja vu triggers predictions of a return to $30.
http://www.worldoil.com/news/2016/4/30/oil-market-deja-vu-triggers-predictions-of-a-return-to-30
COST Team. Where are they now? Did they actually do anything to benefit COP besides create open positions for themselves?
Since all of the COST team members managed to 'create' open positions for themselves during layoffs, how are they working out in the assets? Are they actually more qualified than the people they displaced? It seems most of them made themselves... — read more
Earnings Call
Observations from the call... If you have experienced this on the inside: a massive effort is spent preparing the executives for this live call. Still, smart people are in the room ready to provide the "answers" for the tough questions. The... — read more
A $1.5 billion loss...
A $1.5 billion loss equates to almost $100,000/employee. This is insane. With these types of losses, what type of layoffs should we expect? On top of this, if these losses continue, how much longer can the company survive?