Anyone excited??!!
It surely feels great to return to black after a period of red.
We are on the right path.
Let’s move forward.
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The company’s massive Kearl oil sands mine in Alberta was the only specific asset singled as a potential victim of any year-end revision,” Bloomberg writes. “Imperial Oil Ltd., which is about 70% owned by Exxon and run as a subsidiary, said in a separate filing that an undetermined portion of Kearl’s reserves may be imperiled.”
anyone else out there drinking too much?
No basis in reality. Troll.
Where do you see the list of assets being sold to see Cold Lake or Kearl on it?
XOM has 11 assets for sale. Kearl, Cold Lake, and Norman Wells are all on that list. Kearl may be in the black due to skeezy accounting, but everybody knows you can't defer 500 mil in Capex forever. Sands are dying. There's cheaper oil, now easy to get, offshore around the world.....
@1aax+17G3Mnb1, I personally would be happy to take an extra day off every week or two if it meant I did not have to see any more awesome people leave my group. I really hope what you refer to is true! I hope they announce our plan soon.
Canada study results is not yet announced. There could be a November surprise.
IMO is done with reductions in head count. The plan is now to reduce hourly worker wages by 15-20% and force salaried employees to take a yet to be determined amount of time-off without pay but will likely equate to 15% as well.
I do feel hopeful again. I think I'm going to be on edge until the "canada" study is released though. Once we are through that... maybe 2021 won't be as heartbreaking and we can build some momentum!