Execs are dragging their feet to bleed the company dry and pad their pockets. Everyone remembers Enron, hope you haven't kept your retirement in company stock or else you will lose everything, not just your job. If you live in Bartlesville, good luck selling your house. Liquidate and be agile so you can move on when this fiasco is over
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Agree with reply, merger or buyout is the answer, Post is worthless nothing but ignorant anger.
COP BoD should consider a market cap-based merger w/ CVX. COP has a current market cap of approximately $55 B. CVX has a current market cap of approximately $199 B. The market cap of the merged entity would be approximately $254 B w/ current pre-merger COP shareholders owning approximately 22 percent of the merged entity. There would be billions of dollars of value-adding synergies at essentially no out-of-pocket costs...adding billions of dollars of value essentially cost free.
BoD and ELT start thinking of alternatives to increase shareholder value.