Will the filing this week help us in the long run? Any chance Way is doing this to save his job or hill is he saving the company? What does that mean for existing employees? I’ve heard this is a viable plan if this downturn continues.
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I am so embarrassed that I work for SWN. First, the person who said we are a “dry gas” company like that’s so smart is like saying hey let’s go out and protest Covid19 by hugging each other. I hope this person gets a virtual layoff ASAP. This is a fool who does it need to draw a paycheck from SWN like me. Being a one trick pony is never a good thing. Proud of my fellow employees are burning natural gas cause they can tell me we still have some brilliance in our mist. Well eating an egg frittata does bring some doubt though.
Oh forgot to say that virtual layoffs for some folks are still looming. Someone on 5 wants a “win” for the upcoming investor call! Peace!
Yeah, I need more dry gas like a you need more tp after a market egg frittata. I leave my outdoor fire pit on 24/7 365 cause the stuff is cheaper than a Chinese medical mask. Dry gas is irrelevant, it will never be a game changer and that’s why you’ll eventually be laid off!
With oil crashing and oil drilling stopping and wells shutting in reduces the associated gas stream which is great news for dry gas producers. Will have an impact on any producer’s wet condensate wells but we are majority dry gas you mo–n!
With oil completely crashing today, how can we not have immediate layoffs with no severance? Stay tuned folks. The c-suite hard at work planning your immediate future, as in a NRL. For those that don’t know what they means, it’s a “no return lunch”. Meaning, don’t return to your home office after you make your kids hot dogs for lunch. Positions eliminated. Meanwhile, WJW cashing in his stimulus check for ultra rich folks. I hadn’t seent that hidden Easter egg in the “bill”. Good luck!
Is anyone else being asked to keep documents for a legal hold? Bankruptcy?
Picking up signals that more virtual layoffs pending. As I get confirmation will share. Have a good day!
Previous poster, you left out something! Most importantly, was he wearing a mask? You know, for the $hiz smell? (Who cares about Covid-19)!
Priceless. Standing in line at Home Depot near office now and I sh– you not WJW walked by with a cart and two plungers and stuff.
Whoever made that last post is hereby nominated for 2020 Employee Of The Year!
I will be watching close to “C” what the “C-suite” is doing!!!!!
While a move into bankruptcy is always an option for any company, the key at SWN is to look what actions the company is taking that would suggest this is increasingly becoming a preferred path.
First, look at executive compensation in a change of control provision. If these increased or changed, it means golden parachutes are being developed or enhanced. Second, look for changes in key personnel who would be under the control of a bankruptcy judge in bankruptcy court. Only one in C-suite who's done this before is Julian. Third, look at the hiring of outside law firms to generate records and evidence of management decisions prior to bankruptcy. The C-suite only gets to make decisions in bankruptcy if a judge thinks they were made in shareholders best interests before bankruptcy.
The C-suite wants it keep its jobs for ego reasons, money reasons and control reasons. They do not care about employees only avoiding embarassment and loss of face if bankruptcy occurs.
Riiiight so a m-o-r-on just posted something id–t-i-c because they failed to appreciate a current employee from SWN knows the financials. Move along bro!
Riiiight...so a low-level, know-nothing grunt knows about a BK filling before the market insiders do? That's a nice try. Stocktwits is >>> that way.