Best of luck on solvency. Oil is officially bust. I doubt COP will be in business in 6-12 months.
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Information is censored @ COP... no transparency...
I pick bottom at 17
will get down to $30 soon...just wait and see
guarantee you the 5 comments below mine are from the same person.
Jim just tweeted. Thought sale-merger at this time is a god idea. Boone said forget sale-merger. Real money is in break-up value. Carl will get back later. He had to take a call from Trump about a cabinet position.
I'll ask Jim Cramer. He will know. Maybe Bonne Pickens or Carl Icahn can provide some ideas.
Good posts. Suspect the company is in the cross-hairs. International purchaser intriguing. May be added value w/ tax inversion possibilities. Don't know much about that angle.
Seriously bloated, starting with the top guy who seems to be physically expanding as the rest of the upstream industry gets hungry and slims down. Why do we keep hearing that the COST Team didn't actually streamline or eliminate any of the pointless internal processes and middle manager levels? I've heard that the COST Team said it wasn't their job to do that....which begs the questions: (1) whose job is it and (2) what did the COST Team do for 4 or 5 months?
It is now time for the board & ELT to consider alternatives for enhancing the shareholder value. Those alternatives should include sale/merger w/ major either domestic (XOM or CVX) or international (TOT, RDS, BP, STO). COP is presently structured as a shale & Canadian oil sand company....high-cost, low-value assets. It will be a matter of time before sale/merger is forced upon the Company. Aside from the over-reliance on high-cost, low-value reserves, the Company has demonstrated poor CAPEX discipline and is still bloated....management & process...unable to make the necessary changes