How are you losers going to spin this into bad news?
6 replies (most recent on top)
Can we just say, once and for all, the incompetent "leaders" in Finance created an even-worse idiot to become CFO? Just ask him about his surfing, but don't ask him about GAAP or the difference between a debit and credit.
Ok. Well, despite what was said, you should thank Trump for the vcip. Simple as that. It certainly wasn’t because our performance justified it.
The missed Shenandoah impairment was due to the operator withholding information, not any internal issues.
This site is closed until we hit 30$ bbl, good bye.
A currency hit? that's all you got?
After trumps second term , lets run Lance !!
Uncle Ryan 2024 !!!
OP: challenge accepted.
We release first quarter 2017 earnings, then two days later declare "oh!" Forgot $200 million Shenandoah write-off. Shows a complete lack of financial controls, knowledge, and tracking of risk exposure.
$200 million "foreign currency loss" shows lack of understanding of currency risk and hedging. To say nothing of ignorant arrogant thinking about Brexit. But someone on the other side of this hedge made $200 million, so good for them. Maybe we should hire them in Finance and fire our ignorant leaders
Rewarded for "strategic plan" reducing debt, dividend increase, buying stock... I could write paragraphs here, but I'll summarize and say Business Development (not Finance) sold future production and existing reserves because we stupidly incurred so much debt because of our ignorance.
So our friend-of-Ryan CFO (promoted in 2016 with no finance accounting knowledge because he was a friend of Ryan) is rewarded because he's a friend of Ryan.
Go Finance!!
A plea to keep employees, I am not sure how you miss production goals (non-hurricane related) and get %150 payout? I am not complying but the whole thing is a bit of a joke.