“Independent oil and gas company Anadarko Petroleum is burdened with a debt load that exceeds that of most competitors. The company's debt-equity ratio in the most recent quarter stands at 120.01, indicating that the company is primarily financing... — read more
Another money-loosing Q2 quarter. Jeez!
How long can they keep this up? Their debt has got to pile up past $20B. Another round of cuts has got to come soon. For the minions that are left, memorize your core values and recite them out loud. BTW, is there a Christmas party this year?
Why is APC late in reporting earnings for Q2?
Is it because the financials are so bad in Q2 that they need more time to come up with some B.S. to make it more easy to digest?
Big layoffs announce by numerous Houston Energy companies.
Big layoffs announce by numerous Houston Energy companies. Even though they are saying we are at the bottom of the cycle adjustment need to be made to survive there. Price recovery is expected to be very slow.
Good news. Bad news.
Rig counts are up. More activity. More jobs. More production. Prices dropping. The roller coaster may have peaked for now.
Exxon Mobil said to eye gas deal in Mozambique fields operated by Anadarko and ENI.
Santa Claus said to deliver toys to all good little boys and girls on Christmas Eve. At some point we stop believing in fantasies.
More Bad News!
"Oil, Gas Drillers Said Facing $2 Trillion Funding Gap: Drillers forced to slash spending during the oil slump may soon be facing another hurdle: a funding shortfall to the tune of $2 trillion over the next five years." "Oil Industry to Cut $1... — read more
Anyone else see the CFO of BP in the building yesterday?
Interesting guests make great parties. Perhaps it is not inevitable that Exxon will be our master?
We are better than this
This is too funny, pick up the pieces and move on. What we should do is start some form of company ourselves maybe not in oil and gas but hey Franchises, apartment complexes, stock trading, we have the expertise why not use what we have anyone... — read more
Do you still have a job? Have you contacted anyone you know who was laid off?
If you are lucky enough to have a job why not send a laid off person a coffee gift certificate, take them out to lunch or just send them an email. Next time it could be you who is out of a job.
Bad times ahead
Saudi Arabia offers to purchase SLB An undisclosed amount from an Saudi Company has proposed to purchased Schlumberger, in an all cash deal secured by an chinese bank. Recession Time.
Micromanagers
Anadarko has quite a few incompetent micromanagers. Often it’s a need for control that stems from INSECURITY: lack of confidence, workplace instability, pressure to produce individually, deep-seated psychological issues and problems at home. For... — read more
Layoffs or NOT!!!!
I want to know NOW!!!!!!
Too Much DEBT
Over $18B in debt with under $7B in annualized revenues. BAD! And at current oil prices APC can't turn a profit. It should be selling for $3 per share compared to their peers. Short this stock.
Quarterly loss per share increasing, share value will go down. Adjustments will be made.
APC can not continue to let loss per share increase. Even with the small increase in oil price the losses will continue unless adjustments are made. APC needs to divest high cost development areas, consolidate all support services including... — read more
SCHLUMBERGER: The oil industry will continue to deteriorate
"Schlumberger just reported its first-quarter earnings and restated its bearish near-term outlook on the oil industry. Revenues fell 36% compared to last year to $6.52 billion. In the earnings release, the company said the oil industry would continue... — read more
So it has been six weeks..............
Has your individual worked picked up, or is it about the same? I think APC was over staffed for the level of budget we were running at 2 billion. The staff we had seemed to support a 7 billion budget from past years, and I think before the year is... — read more
Anadarko passed over by Exxon looking for acquisition.
Anadarko has put itself in the position of highly indebted and failing business and no longer being considered by Exxon for acquisition. If oil recovers smart move, if oil stays low and goes down even more bankruptcy will be knocking on the door!
Personal wealth account
Anyone recieve their packet?
Reality Check
Anadarko Petroleum's stock has jumped 8% over the past five days, but it's only up 1.8% year to date and down 46% over the past year. Exacerbating APC's predicament, however, is the massive debt burden on its balance sheet. The company's... — read more
East Texas (Carthage) has been sold, which is a surprise due to good stable money making area.
All energy companies are going to hell in a hand basket due to low prices. A few years from now this will appear to be a fire sell for sure.
There are hardly any jobs out here in the E&P world...........
For those of you that kept your job be happy you still have one. I have been looking hard since 3/11, and there is very little out here from the technical side. I am sure the jobs I have applied for have a ton of competition as well. Sometimes it... — read more
Anadarko Core Values Hypocrisy
The subject of Anadarko's Core Values needs to be looked at through a different lens, specifically the hypocrisy regarding those 'values'. I'm opening a discussion and would like input regarding how management genuinely broke several of those core... — read more
Galveston, TX
I was part of the staff reductions on March 10, and, I’ve decided to spend time reflecting and contemplating my time with APC and explore possible next steps in my career. I’ve decided to visit the beautiful and pristine beaches of Galveston, Texas... — read more
Fake layoff for wall street !
In January Birthday lunch Al walker said " no layoff " are on the horizons , bad situation will go away . Within 2 weeks he changed his tune based on Board of directors and wall street demand to do the layoffs. Layoffs were done as a tactic to please... — read more
We are on this site because we need more information!
We are on this web site because we need more information! Whst we hear at work is like listening to Ken Lay at Enron! We are supposed to appreciate that we have jobs and everything will be alright! Analyst reports paint a different picture. Credit... — read more
Anadarko...
Seems to me there are a lot of present Anadarko employees on this Web Site. Why would you be looking around a Layoff Web Site if you got to keep your job? You would be better off working, and trying to add some value to APC. Instead you come on this... — read more
APC stock has gone from $110/share to $44/share how long can we last?
APC market cap has gone from $46B to $22B. We are spending and borrowing more than we are making. Our debt has increased and our asset sales are not panning out! How long can we last? Will Exxon pick us up before we go bankrupt?
Tell the aholes on FACEBOOK to shut it down
No we are in waiting mode but when you post thoughtless bragging sh t on Facebook you make the whole company look bad. I have a list both male and female who are guilty of this. And if I am doing it you can be sure so is HR,YOUR BOSS, AND MANAGMENT... — read more
Personal Wealth Account
Has anyone received their pwa packet/ info?