The stated reason for BT was to bring our stock more in line with our 2 main peers.
So far that hasn’t happened. Granted, PSX is a lot higher than pre BT, but that is just the overall market being higher and specifically the energy sector performing pretty well.
The differential between our peers has remained constant.
Maybe because different companies have different numbers of shares outstanding, different business models and other factors it’s unlikely for Phillips stock to be as high or higher than our 2 peers.
But, it stands to reason if BT was actually working that our stock would be somewhere in between our peers, even very close to being as high as the top performer.
That hasn’t happened so BT must be branded as a failure.
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We’ve all been told by GoGo that BT is generating and saving unbelievable amounts of money.
I guess it is truly is unbelievable that BT has made any significant amount of money, judging by our return on capital employed numbers.
I read an opinion somewhere that they were concerned that P66's return on capital employed continues to shrink over time. Probably wont see a bounce untill that happens.
Elt bent the drill stem on me. No more voluntold for this werewolf.
People are our greatest asset. Just like a Coker asset, we run that šħìț into the ground.
Yes BT is so amazing we need multiple ungodly General Managers running the s#%^ show
Yes! The public has lost faith in P66! Too many ungodly people running things!
BT is just the flavor flav that all other competitors are doing. Common denominator of business basics tells the real story here.