Thread regarding Chesapeake Energy Corp. layoffs

Is everything great here like our VPs say it is?

That is, how far is “great” from the truth?

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| 2071 views | | 6 replies (last August 24, 2021) | Reply
Post ID: @OP+1chVTpa8

6 replies (most recent on top)

Capital Efficiencies are GREAT with Little Mike and Buc-ees Jr aka DelDumbo - they are raking in the cash

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Post ID: @dril+1chVTpa8

Here we go again, over promises under delivery from our great leaders from sr field thru the interim CEO regarding leaked Vine deal.
“But Wells downgrades Chesapeake Energy (CHK -0.4%) to Equal Weight from Overweight with a $64 price target, citing a risk of "strategy drift" as future capital efficiencies are weaker than expected,”

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Post ID: @dwvr+1chVTpa8

G&A cutting is the future method for CHK to balance the budget. It’s sad the employees can’t join together to get the incompetent VPs their walking papers.

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Post ID: @clhc+1chVTpa8

Hearing few more were sent home last week to continue the very slow plan to lower G&A, no LTI or severance but our VPs continue to talk about how great our assets are and future is bright!! More to come in the coming weeks as our great leaders continue lining their pockets with fewer people to lead.

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Post ID: @bayx+1chVTpa8

The VP team is the biggest bunch of incompetent fools. They are going to tell you whatever will keep you working, while they are making the next list of people to layoff. It's been this way for years. They can never achieve the fake numbers they put out there, so they offer G&A reductions about every 6 months to keep their jobs. It's actually a pretty good plan, for them. They keep the employees too scared to speak up, they stay in power, and they make a lot of money. Win, Win, Win for them.

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Post ID: @1ctk+1chVTpa8

VP world is great but be warned, they say what they want you to hear but new HR rules simple, everyone is expendable and great way to lower G&A.

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Post ID: @1fdx+1chVTpa8

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