Every $1 price drop will result in another percentage of planned reduction. Expect another 10% of names to be submitted to HR today.
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Why didn't HAL cut the dividend today? It is laughable. The market knows the cut is coming.
DMC 70% nxt week
- 30 a barrel!
What happens when it's negative?
So 99.9% of all the company will be laid off? Trading at 1.50 a barrel?
Nobody will leave on furlough by choice when 22 million jobs were lost in March you momo.
There will lay offs after everybody comes back from furlough. The furlough solves the problem of paying severance to employees by encouraging them to leave on their own Win by attrition so to speak. When everybody comes back there will be a waiting period and then the lay offs will start again. The oil crisis will last the remainder of the year just like the virus.