Thread regarding ConocoPhillips layoffs

RL should be fired as the exploration VP, along with all of his cronies

How many billions of dollars has this guy lost the company?

1). Funneled money to deepwater projects as NA chief that have lead us nowhere other then debt up to our a$$holes - the GOM adventure was a true $hit show - Canada? laughablep

2). Refused to lease in major shale plays where our true independent peers have made found billions of barrels of oil (Marcellus, Wolfberry, the Scoop, etc.)

3). Told his exploration group that shale plays 's---' in a townhall before the ELT meeting where he had to make the case for keeping the deepwater projects

4). He can now be seen on the Mark saying how great all of our shale plays are (that he had no part in finding - Burlington Resources got us the Bakken and EagleFord while the Delaware Basin is held by production acreage)

5). Not having an original exploration plan after the deepwater exit so we now follow Exxon around looking for gas markets internationally - a true sign that we cant act as an independent

6). Taking years to finally try and drill a well in the Powder River Basin

7). Thinking that drilling unconventionals in Chile and Colombia is a good idea - how long have we been in Colombia for and how many wells have we drilled there? Apache has drilled 15 wells in their Alpine High acreage in about a year or so

I am probably missing much more, but hey who needs exploration when the company is being bundled up to be bought in 2018.

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| 3411 views | | 17 replies (last December 10, 2016) | Reply
Post ID: @OP+KD4oxH3

17 replies (most recent on top)

Not only did Mulva leave us saddled with debt he left us with a a bunch of inbred morons and isolated outdated facilities at Bartlesville!

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Post ID: @9iiw+KD4oxH3

People seem to forget that Mulva left COP saddled with the debt at the time of the split in 2012. Even at $90 to $100/bbl, COP would not have been cashflow positive until 2017. While the current ELT holds some responsibility of not having a downside plan, these guys were left with a crappy deck of cards.

Mulva got what he wanted, with very a very short sited vision. He took care of himself and his precious investors.

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Post ID: @8isy+KD4oxH3

Houston is just Detroit 30 years ago with worse sports teams....we're here, get used to it...

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Post ID: @3yub+KD4oxH3

The Bartlesville Soapbox twerp is busy again. Never an intelligent comment.

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Post ID: @3prd+KD4oxH3

Bartlesville never was great and never will be!

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Post ID: @3jwb+KD4oxH3

Make Bartlesville Great Again!

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Post ID: @3jas+KD4oxH3

Let's see we have headquarters moving to EC4 and we already occupy EC3 and selling old center. We have four or more high ranking Bartlesville management figures actively looking for homes in west Houston. The plans to spend millions improving the office space in Bartlesville were stopped as ConocoPhillips has no plans on remaining in Bartlesville. The toilet on the new corporate jet exceeds the costs to improve the office space in Bartlesville. The buildings will sit empty just like the buildings in Ponca City. No one will know the buildings are empty as no one will visit Bartlesville.

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Post ID: @3twk+KD4oxH3

The BOD can, but you probably would have better luck winning Powerball veruses them firing RL.

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Post ID: @3tov+KD4oxH3

I hope we all move to Bartlesville. Better weather, less humidity, less traffic. Cheaper houses.

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Post ID: @3hvf+KD4oxH3

Who can fire RL????

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Post ID: @2vfw+KD4oxH3

We need to shut down Bartlesville

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Post ID: @1otr+KD4oxH3

To the person who posted about exiting deepwater, you must not have seen the prospects or lack of drillable prospects in the GOM portfolio....most prospect interpretations were generated from geophysical noise but somehow kept passing GRT reviews. The Tigris area was a flop and Shenandoah is a money pit, we keep spending money on appraisal wells when the money is better spent on something else onshore. They say there are a couple of billion barrels in place but the recovery factor is most likely 5% so the project will never payout with all the E/A wells, platforms, development wells etc.....and they wonder why we get no offers for this crap. Exploration cant function past making pretty powerpoints and structure maps.

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Post ID: @1aev+KD4oxH3

We look pretty attractive for our 18billion barrel growth inventory that was talked about at the analysts meeting. With the new pop in oil price, I would think we are now too pricey for exxon.

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Post ID: @1uko+KD4oxH3

Can the numbers ever get to the point that COP could be saved from itself?

Could they sell off half the company and make COP attractive to some pathetic suitor to buy?

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Post ID: @1vuz+KD4oxH3

Like him or not. He's probably the best shot we have at ever making it out of this swamp. I saw the Exploration plan rolled out in a townhall and it was the most sense we've made in a long time. I'm happy to give that a try.

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Post ID: @1fpm+KD4oxH3

The mistake was exiting deepwater not going into it. The balance sheet was not strong enough and the reluctance to hedge was an artifact of the persistant illusion that ConocoPhillips plays with the big boys.

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Post ID: @1uae+KD4oxH3

8) RL has not closed Bartlesville yet either.

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Post ID: @1bgn+KD4oxH3

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