I'm sure there will be something from the Townhall or early February announcements. Anyone have good information of the possible timeline for layoffs in Alaska?
Oil and Gas Turnaround
Oil is up 10% today - should we expect a turnaround soon?
Expat Benefits (per Chevron's board)
Here is the thread, some good points, some things a entertaining: @FyV9l9A
Sale of Iranian crude delayed by red tape
Interesting: - http://www.reuters.com/article/us-oil-iran-exports-idUSKCN0UZ1VI
US oil-and-gas producers are losing nearly $2 billion every week at current prices
This is per AlixPartners - http://www.wsj.com/articles/oil-plunge-sparks-bankruptcy-concerns-1452560335 More than $100 billion from private-equity firms is waiting in the wings to scoop up assets that are sold either before, or after, bankruptcy... — read more
ConocoPhillips' Bankruptcy Possibilities
Let's assume prices do not recover in 18 months, will we be going BK? Any finance people here?
Calgary Layoffs Update
I heard a rumor that COP will be introducing massive cuts in both February and March 2016. Just a #rumor for now...
COP dividend declared dead
COP dividend declared dead on cnbc today. Negative $5B in cash flow and $25B in debt. Declared as serious problems
In Canada, 5 Cauliflowers Cost More Than a Barrel of Oil
COP has millions of acres of land. If we grow cauliflowers on all of that land we can all get rich! Until supply and demand kicks in and then we are stuck with all those cauliflowers. Its harder to store cauliflowers than it is to store oil, so lets... — read more
Severance/retirement
Made this comment, but in the wrong place. Those who received severance packages and retirement benefits better hang on to their severance. Pensions are not guaranteed. Bankruptcy can make your blessed pension disappear.
P66 offices are in talks to cut real estate and property ties with COP
Phillips 66 is trying to get further from ConocoPhillips because of fear of bankruptcy.
I hope the bonuses and raises are decent this year.
I hope the bonuses and raises are decent this year. They can't hold back raises 2 yrs on a row. Canada has done well compared to the rest of the company in 2015. Guess we will find out soon.
Bankruptcy
COP to announce Chapter 11 near the end of January.
How low can it go?
Well guys its no doubt the end of life for us left here. I wish Id got severed at first and took my retirement while it was still there. Obama must be running COPC no hope left here just like I'm waiting to expire in a nursing home. Employee morale... — read more
It's over!
The pain for all of us will be over soon! Turn out the lights on your way out the door.
P66 Problems
Nothing to add: @FxMZkJf
Collecting a check at EF BU
Collecting an EF paycheck!!! I love reading these post while collecting my COP Eagle Ford paycheck!!!! Wish the bottom would fall out soon so I can make it through this down turn.
Hey Ryan! time to cut the crap
Source: http://www.thestreet.com/story/13426949/2/3-oil-companies-likely-to-cut-dividends-as-crude-prices-continue-freefall.html ConocoPhillips (COP - Get Report) With share prices plunging over 50% since July 2014, Conoco Phillps' story is not very... — read more
What happens to Pension and 401k ? Are our pensions safe in these conditions ? Can we take out lumpsum pension money ?
What happens to Pension and 401k ? Are our pensions safe in these conditions ? Can we take out lumpsum pension money ?
In Canada Oil sands barrel is being sold for $8 .. how can anyone make money .. also In michigan 77 cents a gallon gas ..
In Canada Oil sands barrel is being sold for $8 .. how can anyone make money .. also In michigan 77 cents a gallon gas .. THis will be long strife till mid level oil companies cater .. and Banks also will be affected.
WTI less than $29
So much for the 2016 recovery. The 4th quarter results will be interesting for ConocoPhillips. COP management is running out of rabbits to pull out of the financial hat. The assets are not selling. The credit facilities are tapped out. What will the... — read more
On-line W2
After layoff will we still be able to get our 2015 W2 online at the slimmed down version of the COP website we still have access to? My new employer posted it on 1/15/16 but nothing showing up yet at the COP site.
Below $30!!
WTI closed below $30/barrel today!! How looooooowwww can it gooooooo? BWAAHAHAHAHAHAHAHA!!!
Collecting an EF paycheck!!!
I love reading these post while collecting my COP Eagle Ford paycheck!!!! Wish the bottom would fall out soon so I can make it through this down turn.
Why is our industry taking the blame for Global Warming?
Why is it that no geologist has come forward and pointed out that anyone can examine sedimentary rock formation layers and see that the earth has cycled from warm to cold and from cold to warm many times. Close examination of rock layers laid down... — read more
Why is our industry taking blame for Global Warming?
Why is it that no geologist has come forward and pointed out that anyone can examine sedimentary rock formation layers and see that the earth has cycled from warm to cold and from cold to warm many times. Close examination of rock layers laid down... — read more
“How did you go bankrupt?”
“Two ways. Gradually, then suddenly.”
What do you think?
Since Buffett is doubling down on P66 would you read this as an indication of him believing that a rebound in #oilandgas is around the corner?