How did you go bankrupt? Gradually, then suddenly.
Timing for the next layoffs will depend on cash and debt covenants & cet. Look not only at current cash balances but at how much capex is needed to produce. Even after prices hit the 52/bbl mark, there will be a lag with even worse negative cash flow before the company pulls out of its nosedive. It will sneak up on you. Good luck.
I don't care how much walker makes. More the better. He's our leader. The better he does the better we do.
Markets have been waiting for U.S. oil companies to cut production amid lower crude prices, but many of the companies have been paying their top executives to keep the oil flowing, according to a WSJ analysis.
“You want to know why most of the industry outspent cash flow last year trying to grow production? That's the way they're paid," says EOG Resources (NYSE:EOG) CEO William Thomas.
Also: Anadarko Petroleum (NYSE:APC) CEO R.A. Walker earned ~$1.5M because the company’s output rose 8% and exceeded goals for finding new oil and gas deposits.