Take a look at the Chesapeake, Sandridge and Southwestern Energy message boards if you want to see how employees react to a company in the midst of a death spiral. Stock prices in all three are down over 90% in one year and 401K balances are in the toilet. As a CHK employee I can tell you we should have seen it coming but we were in denial until this morning. Obviously COP is much larger so maybe the warning signs will be different than what we experienced. But if I were a COP employee I would 1) diversify my 401K portfolio and and transfer out of COP stock and 2) pay off my consumer debt as quickly as possible in case the bottom drops out of the COP stock price. Don't think it can't happen to COP. It is a real risk and you need to be prepared (regardless of what your senior management is telling you).
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Only a former CHK employee would have been dumb enough to fall for investing in their employer in their 401k.
Chesapeake, Sandridge and Southwestern Energy were pure speculation. No business plan for oil at $30 and so the investors simply walk away.
Former COP. Dumped all COP stock long ago.
How much is ConocoPhillips worth?
Value based on Production = $14Bn
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Production = 1,554kbopd x $25kbpd = $39Bn
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Current Debt = $25Bn
Current Market Cap = $40Bn
The market is currently valuing growth in production and oil price upside at $26Bn ... that doesn't look right.
Former CHK,
You are absolutely correct! Already done it!