http://www.bloomberg.com/news/articles/2016-02-24/another-oil-crash-is-coming-and-there-may-be-no-recovery?cmpid=yhoo.headline
Ryan Lance speech 2/23 at Houston IHS Energy CERAWeek, on direction for ConocoPhillips
http://fuelfix.com/blog/2016/02/23/conocophillips-ceo-margin-is-king-cost-savings-key/
Run lean, lay more people of, lay down rigs or get out of the business.
Shale operators from Texas to North Dakota will be “decimated” in coming months. Lots of fat to cut at COP, 14,900 worthless employees. Make a decision tree to figure the upcoming six months! Run your scenarios till no end so that you realize that... — read more
Shale producers will be decimated!!!!
Cut lots of fat or get liquidated!!! Lol. Let's not! Shale producers will be decimated!!!!! Avg. WTI. Since Jan. 2016.. 33.32 .... COP 62.07% debt to equity very bad. Third quarter last year debt to equity was 55%, 2nd quarter earnings will put COP... — read more
Lets take a break from bitching.
Who would you like to see for the general election? And who do you want to win? Trump vs Hillary. Trump wins
Avg. WTI. Since Jan. 2016 33.32 62.07 debt to equity very bad
Yeah buddy billions of dollars being lost by COP. Big target in their back for bankruptcy or take over but no merger.
Clear comments from Saudi Oil Minister.
http://fuelfix.com/blog/2016/02/23/saudi-oil-minister-production-cuts-are-not-going-to-happen/
Rockies BU (formerly SJBU)
How is the RBU in Farmington doing? As an ex-employee, I'm curious to see how the cuts have affected the work and if any good came out of it..
New employees read this
You think you have a long term career. You think you are safe if you survive the upcoming layoffs. You believe the SPIRIT values. Do not. The Dark Side has taken over and no one knows it yet. So no more layoffs? The CEO said the dividend was highest... — read more
Devon, Chesapeake, SandRidge, ConocoPhillips...
The trend that I see is that these Bible Belt based/origin companies simply can not compete at the national and international levels. Basically, in general, bottom tier employees end up working in Oklahoma - and many of the COP managers either... — read more
When will oil companies start hiring again
When will oil companies start hiring again? the cycle starts in services, then consulting and finally E&P current talk is price recovery to $50 by the end of 2016 and maybe hiring in 2017 there have been impressive gains in efficiency now the... — read more
Schlumberger CEO Paal Kibsgaard received more than $18 million in compensation despite his company cutting 20% of its work force.
Sounds like porky the pig!!
Ryan needs your support!
Breaking news: To save the Company and generate cash, Ryan lance Has started a campaign to start a new business within ConocoPhillips. Officially he is lobbing to convert ConocoPhillips into a Whorehouse. Please do not judge, we only need your... — read more
Exxon is looking to replace their reserves: The only scenario that would work for Exxon since ConocoPhillips is a mess with loose structure...
Exxon should buy all the assets of ConocoPhillips to replace the reserves but for this to work they should layoff all the trash employees and useless managers.
Manager Dumb Ass Awards
Let's post the most unqualified managers in the company by group. I will start it off. I'm from commercial, so the list is long: 1). Jim Mulva. No explanation needed. Crook. 2). Bill Bolton: This is the Anglo version of Ercle. Idiot. Knows jack shit... — read more
VCIP
How do they determine your VCIP if you were layed off? Do they have to rank you below a 3 or....
What did Canada get for VICIP?
What did Canada get for VICIP?
WTI: 29.44......first quarter this year will average WTI: 31.00. Feel the burn mofos!
Layoffs are coming!
The recent ELT changes are a COST team suggestion.
They will met their savings target now that you count savings from having one less overpaid ELT member. Good work COST team, all of you get raises and a promotion and one day you too will be CFO.
It is obvious that this is a good venue to vent and to share information.
Many that visit this sight do so to experience what is happening to friends and colleagues. Many visit to vent their frustration and anger. Those that are truly humanitarians share critical learned information and advice to help their friends and... — read more
Knowledge sharing
First time on this site and I am amazed at the amount of knowledge sharing and collaboration that is being displayed, not to mention all of the opinions and advice being offered. Nobody speaks up in the meetings or asks any of these questions on... — read more
Irresponsible
Talk about a lack of integrity. Forcing vendor and contractors to take rate cuts, cutting dividends, chopping budgets to maintain equpiment and laying hundreds of people off but still find money to hand out in bonuses. This show a lack of class as... — read more
Dino Nicandros... How I miss you!!!!
What a great company Conoco was then.....
Funny!
I thinks its hilarious that on the day they announce VCIP everyone stops talking crap.
WoW ... The leadership of ConocoPhillips will always WoW all of us.
For years We thought Matt Fox was in a coma and now he is in charge of STRATEGY and TECHNOLOGY. Wow poor guy... Oh I mean poor ConocoPhillips...
As long as you keep the same personnel nothing is going to changes... Joke company
ConocoPhillips (NYSE: COP) today announced the retirement of Jeff Sheets as executive vice president, Finance and chief financial officer after more than 35 years with ConocoPhillips. In conjunction with Sheets’ retirement, the company also announced... — read more
CFO Sheets retiring April 1st golden parachute and all.
They should have retired him last year in April what a crock of shit.
Technology has redefined our business! Can we adapt and survive?
Horizontal drilling and multistage fracs has redefined our business. High cost and high risk deep water exploration and drilling will fade away for the next few decades. as horizontal drilling and multistage fraccing is applied to tight low perm... — read more
CFO Retires
When your CFO loses all his credibility on Wall Street from the Dividend fiasco, he's promptly booted. Lance should be next. He has no credibility either.
Technology has redefined our business! Can we adapt and survive?
Horizontal drilling and multistage fracs has redefined our business. High cost and high risk deep water exploration and drilling will fade away fro the next few decades. as horizontal drilling and multistage fraccing is applied to tight low perm... — read more