Why dont you just quit stupid VH ?
Are you waiting for single digits again stupid VH?
14 replies (most recent on top)
The VSP was great, but for highly paid individuals the tax bill is enormous and so the payout time versus not taking the VSP turns out to be about 1.5 years. Not to mention the big bonus that people got last spring( heard it was 150% of normal base bonus) that VSP did not get . It would have been much better to let people name their own date up to a certain time and then stream the payments out over a longer period of time. It was all about shoving people out the door which is no way to treat retirees. On the other hand It is good to be out without the stress of working in uncertainty and getting your salary dropped down to a 70% level.
I got my VCP and a ton of money thanks to LOXY - I think LAPC are hosed
My guess is that with most people at home it is impossible for this culture to pull together a plan. More of the key people need to be back at Greenway.
It's 9 am on Thursday and we are again down 3%. About to hit mid 10s... how is she still here?
Couldn't have said it any better than the comment below. How can people still defend VH and her atrocious handling of the APC acquisition? Makes zero logical sense.
@mac,
What is fabricated?
Jan. 4 2019 - $63.21
April 26 - $61.31 - publicly letting everyone know her feelings were hurt by APC going with CVX
May 10 - $54.97 - Oxy wins bid
Aug 9 - $47.13 - Day 1 of merged company
Dec 31 - $41.21- last day of 2019 no Covid
market hits yet. (Lost value for 2019: -34.8%)
March 23 2020 - $9.69 bottoming out for covid (lost value since 2019 - -84.67%)
Today (as of now) - $11.23. (Lost value since 2019: -82.24%)
CoP during that same time of 2019 till today is down around ~45% (63.75 on Jan 4 2019 to today at 34.45).
VH's bet has us roughly 25% to 30% lower than that of our closest peer. A slow recovery will only deepen our debts. We are failing. She needs to go.
When is LAPC going to get their salaries adjusted? Oxy is afraid they do it and then quit. LOXY still makes way less than them. Interesting dichotomy
I would encourage some of you to take advantage of the company's Employee Assistance Plan (EAP) or find someone to talk to. Your juvenile posting and consuming of largely fabricated negative information on an anonymous board is as unhealthy as it is unproductive. Regardless of what you think about the company or it's employees, your mental health matters.
100% agree with the comment immediately below. VH has destroyed this company.
@Poster below,
You still don't get it. VHs gamble has destroyed 80+% of this companies value. That isn't the same as the dips of the market. That is poor management. Yes other oil stocks are fluctuating but our is tumbling out of control.
All oil stocks are getting it today. Short of tensions in the Middle East this looks to be the routine price fluctuations for a while until demand goes up. Maybe once we get a vaccine that will help get people around the world out more. Up in North Houston we already have a ton of people out all the time, and schools open this week for some.
Crude is headed back down to high teens/low twenties with minimal demand, the stock indexes will reflect that in next quarters to come and they will fall.
Any smart person will buy right now : )
But but but but... the company isn't anywhere close to bankruptcy! Wall Street doesn't know how good our company is.... we are fine. Just had to get the LAPC out of here to run it better. Now we are ready to go..