https://m.moodys.com/research/Moodys-changes-Marathon-Oils-rating-outlook-to-negative–PR_424593
Great job by upper management for their incompetent leadership
6 replies (most recent on top)
Our assets are big t–ds. Our leadership is full of mo–ns. What else would you expect? With our burn rate and large debt coming due in the coming years, we will be the new Chesapeake.
If you get LTIP and do not sale right away you are an id–t. Holding on to this stock is like holding on to a lit match, it will eventually burn you. Dump everything while you can.
BP just announced they will be cutting the upper layer of management by half. It is time Marathon did the same - the numerous lay offs of the people who actually know how to produce oil and gas was not the way. The fish rots from the head, time to remove it. Years of poor decisions - selling conventional assets, which could have been used to bridge oil price troughs, in favor of a number of wasteful resource play attempts, purchasing company stock at high price levels, time wasting diversity stuff, needs an accounting from the ranks of the people who thought up and committed to these failures.
The investment community realizes that the company is in Blowdown Mode. Morgan Stanley downgraded the stock this week and the skepticism of the analysts on the earnings calls has been noticeable. Even they now realize that the Emperor has no clothes.
This says it all
It is past time to clean slate in the executive suite, getting rid of the rubber stamp BOD and MOST CERTAINLY it’s chairman.