So here's what I heard that makes sense:
- The company we acquired is light on liquids and heavy on gas
Interpretation: We will take over their liquids (not Houston), they will manage our gas business
- The company we acquired owns their building http://www.hctax.net/Property/TaxStatement?Account=2212147000000, we are renting one of the most expensive properties in town.
Interpretation: We will move to their location
- They manage their assets differently than us, less people per assets
Interpretation: We will more likely go toward their system and way of managing assets.
- ELTM does not know how to make money consistently
Interpretation: Will be sold or severed
- Need to make financial numbers, and will not cut dividends
Interpretation: more layoffs and cuts, not necessarily in Houston
- IT will be bare bones - all critical function to Calgary, less critical to be done by merger because they have the assets
Interpretation: Additional IT cuts looming.
This company was one of the best I've ever worked for, not anymore. I can pinpoint the downfall to the event that saw more authoritarian decision making from Calgary. We consistently did things better, faster, leaner than Canada, and when they started imposing more control over Houston things started deteriorating.