Sinking... sinking...
9 replies (most recent on top)
I didn’t realize you were being forced to stay. What a shame.
This topic has more than a grain of truth to it,
Executives keep propping up the dividend believing that the market will recover. At the same time they are to scared to drop the dividend because the share price will fall, which impacts many but none more so than themselves, peers and managers.
Their role appears to look after themselves, their peers and the board, pulling profit sharing was a clear indication. The company is dying slowly with these constant cuts bleeding it to a slow death. 100% they will leave before it dies but the employees are left behind with s dying stressed dysfunctional organization.
Why buy low when we can pay top dollar and later sell low.
CentriliftNiggas
Someone may want to consider rebranding.
It is that bad. Obligations by slb are very high by comparison. Their debt is crazy. And only a schlumbot would argue size matters. As everything is treated as a separate cost center entirety and integrated services is a complete failure, this company is very vulnerable. And since they play the digital tunes lately, they are now competing with another breed of companies. Hey, hey ready for a real bumpy ride!
it may not be that bad, y gotta figure that as the downturn spins on baker and or hal would be likely to capsize before we do
Slb managers mostly are fools. Unethical, mafia bound and selfish.
Actually lost market share just by buying that junk. That is how smart our management is.
Another great move by Paal to spend almost half a billion bucks on some pressure pumping and completions junk from Weatherford. Could have waited them out and bought it for peanuts since everyone knew they were going bust eventually.