Earnings call equates to layoffs.
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Looks like they are clearing out the Marathon Tower. Floors 21, 22, and 23 - get your resumes up to date. More to come....
http://www.bizjournals.com/houston/morning_call/2016/02/exclusive-another-houston-energy-co-puts-a-chunk.html?ana=yahoo
Those in the bottom tier - learn some useful skills. Even though there will be no layoffs, you won't have a job come May.
In the earnings call it sounded like everything was on the table. Including the entire company...if the synergies were right.
Conventional assets are the clearance rack.
Which assets are being peddled? There isn't a lot left.
They are divesting 700 million-1 billion in assets, there will be more layoffs.
They keep saying no Marathon personnel will be let go.
We're not holding our breath.