There is a lot of negativity being posted here! I know that times are tough and people are tired of being stuck at home because of the Pandemic. But things aren't that bad. We should focus on the positive and not the negative!
Yes, a few people will be getting laid off, but they'll get generous severance packages and will do fine. The rest of us still have jobs! Good jobs working for a great company!!! Yes, the pay will be a little lower for a little while, but we can get through this. I know OXY and I know that we'll be rewarded for sticking this out.
We've got a great team of wonderful people. We've got world class assets that are even better as a result of the APC acquisition. Prices won't stay low forever and when they go up, we'll be in a great position to take advantage of them. Our stock is better positioned to rise than any other oil company. Point of fact, Yahoo Finance shows us as undervalued and predicts a 25% return!!!
These are difficult times, but we'll get through them. NOBODY could have predicted the pandemic or that prices would go this low, so let's stop with the BLAME game. Look at the upside! Think of this as a time of opportunities! People that keep it together when everyone else is panicking are the people that win biggest in these situations. We've got an excellent leadership team, great operations staff, and good support staff. We can and will survive this and we will once again be one of the best companies in America!!!