well, nothing new from today's L48 town hall..."some folks are gonna get laid off". well, that's unavoidable, uncle ryan. we've got to strive for 20 BILLION $ of debt (which is kinda WTF, as you'd think the goal would be $0 debt). WTF-ever...we'll just keep showing up and drawing a paycheck, even if it's obvious that your role is irrelevant (looking @ you, MCBU IT)...and let's see where global demand takes us...
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Shutting down Bartlesville and getting rid of all that dead weight will help us some!
"$0 debt is actually not a desirable position for a business. Research debt leverage and you'll see what I'm talking about."
Really? Let's ask Ryan Lance if he would prefer to have had less leverage two or three years ago.
The old saying is the same for debt as it is for money; ... a wonderful servant and a terrible master.
Correctly estimating where you are in business cycle, commodity cycle, and other relevant trends makes the difference. Sometimes, as we well know, the trend goes against ya.
-vcp is right
$0 debt is actually not a desirable position for a business. Research debt leverage and you'll see what I'm talking about.
There are a great deal of underutilized people at COP. Seems like people lean heavily on contractors to do most of the leg work from my experiences with COP.