This AM's market allows Vh and crew a chance to survive a little longer. The new narrative will be.... we told you to wait and see. This narrative will be the primary message and this leadership team will be given a free pass because of the huge amounts of money the market will make today.
Accountability for VH is still no where to be found. The company is still in bad shape and debt is still looming. Even with a 25% gain today.. oxy is still far behind expectations.
Do you have any closing comments for the investment community?
VH: “uhhh...have a great day.” (Aka get me the @&$) off this call as fast as possible)
“Path to zero emissions” and yet no “path to profitability?”
Their only real strategy is to keep the patient alive, and wait for oil to go up.
Well, that along with promoting a "woke culture" at OXY.
What a surprise. They miss earnings estimates.
Most people are influenced by the analysts who are a lot smarter than to be persuaded by a little bump in the market. Oil is still in a stagnant period.