Board of outside directors need to step in soon and covey to management that unless a credible alternative is proposed, the Board must direct management to pursue sale or merger for the betterment of the owners, the shareholders. The street is questioning the sustainability of the dividend as well as the rationale of staying this course. The Company needs to act before financial condition deteriorates to a point that the Company is in a distressed condition whereby sale or merger is the only viable option to preserve shareholder value.
11 replies (most recent on top)
Allah snackbar!
F*** Allah and islam. Let them all burn.
WTI under $41.
201735: I was not intending anything as a joke. 201651 got me a little riled so I was just trying to clarify who was really responsible for what. Sorry if you took offense. It was not my intention.
WTI @ $42 today. Oil needs to "rally" in excess of 50% before ConocoPhillips is cash flow neutral (aka, stops loosing money).
Paris isn't anything to joke about.
Thank God for the oil rally. Thank Allah for Paris.
no, thank Allah
Ooh. Thank god
oil rallied 3%!