Oil is around $50 now, we can all rest easy and delete the previous posts.
14 replies (most recent on top)
It looks like Anonymous176640 needs a pair of pliers so that he can remove the cob from his ass. Chill people. Noble is a shitty company with shitty management and -- if this is possible -- an even shittier HR department. But, this website is mostly for fun.
Anyone can tell that the 50 dollar oil comment is what you refer to as sarcasm captain obvious.
Don't rejoice at last week's $50 oil. Price goes up, production goes up, price goes down. Price will stay up when the US has an energy policy, when the Saudis loosen their control of the market, and when the Chinese economy rebounds. Iran's oil that should start hitting the market next year will complicate matters.
Rather presumptuous to think someone will make a generous Rosetta like takeover of Noble don't you think? Just look around the industry, there haven't been many other take overs lately have there? That's because the management at other oil companies aren't in a panic, they aren't grabbing for the first brass ring they see (unlike Noble). They are exercising restraint. When and if they make an acquisition it will be done on their terms. The target will likely be in sufficient distress that they will accept bargain basement terms. Consider this too: What oil company would actually want Noble with its Israeli poison pill? Would Israel even let them keep the properties if they did? EG and Falklands aren't much better. The GOM, Marcellus and Niobrara? Might be able to sell those assets piecemeal. Face the facts. A Noble takeover is a pipe dream, like winning the lottery and just as probable. Could it still happen? Perhaps, but don't expect any big payouts if it does. The only people who will cash in will be senior management.
Are you sure we aren't valued employees?
Noble employees can't negotiate anything, it's not a union job. And if you think this management team gives a crap about the employees you are sadly mistaken.
New owners, that's great!!! Noble employees can negotiate a sweet deal just like Rosetta employees got. Huge raises and locked in positions! Yippie, cant wait to stick it to the new boss!
No renting space, there will just be a new owner! Just a matter of time.
They will need to find someone to rent the entire place soon.
Rent out the space? Really? Would management willingly suffer the embarrassment of renting part of their corporate headquarters? They'll layoff everyone before that happens.
Oil could be $500 a barrel but if you don't drill or frac you don't need staff.
They dont need to fill the empty offices at all of their locations. They need to rent out the space until oil returns to $65 in 2017.
Great! And that empty office tower will be filled... when exactly?
Happy days are here again!