Thread regarding ConocoPhillips layoffs

Let’s think about think about this BP link up...

The best time for BP to have acquired us would have been before the deepwater Wilcox fiasco collapse. Now everyone knows we are incompetent strategically, as well as from a leadership and exploration perspective.

In theory, BP could have had significant value-adding items from the North Sea, but we’ve messed this up also.

This leaves us with COP UAE (a bond at best) or lies about the unconventionals (lies about to be seen) so in relation to our valuation to an acquirer, the only thing we add to the table is severing our massive HQ.

COP really needs to marry up w/ BP. Agree that the Alaska holdings as well as the North Sea holdings have a neglible, perhaps negative, remaining NPV due to near term abandonment obligation. ELT and BoD need to consider possible sale.

Let’s see: zero value exploration portfolio, over-hyped over-built unconventional position, across-the-board incompetent corrupt management, a Finance function led by someone who would fail high school level accounting, and a massive looming abandonment exposure, what’s not to like?

The huge surplus of useless employees, though, would be quickly removed by an acquirer, although the payoff of the golden parachutes for our “leaders” would be financially painful.

CVX was looking for slim hot mistress and we are fat married wife.

Still need 1 or maybe 2 more layoffs to make ourselves more bite-size. Keep polishing those powerpoints and running those analytics!

No salvage value at COP

It’s apparent CVX reads this board. They want nothing of this rat infested row boat..