Losses from hedges this year:
Q1 = $691M
Q2 = $832M
Q3 = $501M
Q4 = $???M
I'm sure the company will spin this as "hedge losses are decreasing", but +$2B (that's B for billion) for 2021, really? Meanwhile, the employees suffer due to poor decisions by management. There are no amounts of layoffs, bonus cuts, 401K eliminations or years without raises that will ever make up for this.
When is someone going to be held accountable for this disaster?
Don't forget the money the company will have to spend to replace the declining production that was given away from hedge losses. That will easily cost another half billion that can be tacked on to the $2B.
Less money to spend on esg. Blessing in disguise.
No one will be accountable since it’s the top dog calling all the shots. Maybe they’ll find someone else to blame though. Mgmt is never wrong and it’s gross. I am depressed every day sitting in this excessive building.
They just liquidated them
Definition of never
1: not ever : at no time
2: not in any degree : not under any condition