Thread regarding ConocoPhillips layoffs

Earnings Takeaway

Uh, we shouldn’t of curtailed so much.

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| 3111 views | | 3 replies (last August 5, 2020) | Reply
Post ID: @OP+16fKUc9U

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The Energy Select Sector SPDR — a popular way to track energy companies — lost 3.9% last week. The worst performer was E&P biggie ConocoPhillips COP whose stock slumped 7.2%.

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Post ID: @3wsc+16fKUc9U

OP hasn't a clue how earnings are calculated.

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Post ID: @1flm+16fKUc9U

It seems like the right strategy to curtail while prices are terrible (2nd quarter) and then ramp up with surge production when prices improve(3rd quarter).

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Post ID: @1opp+16fKUc9U

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