According to Crude Oil Prices Today WTI and MARS is back up over $24/bbl. Why is OXY management still trying so hard to alienate all of their employees. When and where will it all end? Moral is already at an all time low and with additional payroll cuts, layoffs, and benefits cuts there will be no incentive for anyone to get any real work done and forget about thoughts about improvements and working safely. Destroying benefits is destroying employees' lives and certainly any loyalties anyone could have had for OXY. A horrible shame APC got stuck in this rotten situation.
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Even a chicken will run around the yard after its head has been chopped off. Farmer Vick is just watching with a dirty ax in her hand
The price at the well head in Permian is 10 dollars below WTI so 14 dollar oil does not even pay for operating costs
OP, you should submit one of those offer forms.
Not to mention the Anadarko salaries still being paid out!! Oxy is in almost as bad shape as CRC....
Wow you're so right the oil market is in bull territory way up at $24!
We will have to wait a long time for 45 $/bbl.
Workforce expenses and manpower levels have to be aligned with capital programs for the next two years.
VH needs $45 oil to break even