Never panic. Mark my word, Russia will get back with Saudis very soon and oil will rebound.
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This will not be over soon, not by a long shot. Dream on.
Should probably d–g test OP.....and save money on the severance when he/she fails!
Do you 'very soon' in geologic time? If that's the case, then I agree.
At least use a period at the end of your sentences. Ya prick.
At least spell Kool-aid correctly. Ya dope
There is not a decent return to be had for the shares we were granted or purchased at $40, $50, $60, or $70, let alone $80. Only for new shares we purchase now, which I will not do, as too much of my life and career is already exposed to Oxy, and I don't have the cash to do so. Look, I understand why the dividend was cut. I'm just upset, because we have been told over and over how holy the dividend was, which is why many of us kept our shares. And then the first sign of trouble? Lie and cut the dividend. You clearly are in upper management @1iog, because this isn't a big deal to you. For those of us who aren't paid as well, this is a big deal. I was counting on my shares and dividend checks. I'm counting on steady employment. And that has all been put at risk due to gross mismanagement. Joke about the coronavirus all you want, but this is not a laughing manner for some of us. Arrogant POS.
You’ve only lost money if you sell. How long do you think it will take to get back to $80 and go even higher. If your horizon is short, I’m sorry for you. If you’re a long term investor, it will recover. Else, you think that there will be a permanent decrease in demand. I don’t believe we’re gonna be anywhere above $30 anytime soon but there is a decent return to be had at these depressed levels. Oxy took advantage of the depressed environment as an opportunity to cut the dividend. Something that should have been done a long time ago. Oxy will be better positioned to continue paying off debt with capital reductions and dividend cut. I know. It hurts your feelings but oxy has implemented things that will keep them out of bankruptcy and ensure their longevity so that you can eventually turn a profit from the stock. That is unless you’re just like the others that panic and sell. The corona virus is out to k–l us all. Hold my beer, I gotta run to the store to pick up some hand sanitizer and toilet paper.
Op is probably one of the overpaid schmucks on 31. “Don’t look over here behind the curtain, everything will be A-ok. Trust us.”
Really? You think our stock is going back to $80? You think our dividend will be raised to previous levels soon? You think we’re going to shed much of this excess debt? You think we won’t have preferred payments to Buffet soon? You think we’ll hire back those we laid off, and we’ll cease with all future layoffs? You think Icahn is going to just walk away and not have anything to say about this? Face it, our reality is much different than it was in March of 2019. Typical ostrich, burying your head in the sand.
Are you part of the management who is drinking the Koole aid