Lost my retirement and kids college fund with this POS
10 replies (most recent on top)
The oil industry should get back to producing from real reservoirs and not this shale garbage rock.
I would not wish it on anyone and for sure not mock it when someone gets it. It does not matter who gets it, but it takes a jerk to make statements like that and one to support it. For someone to even say that shows who they are.
Now it may make sense to keep the match in Oxy stock. The stock is less than 10. Surely the stock will increase as oil prices improve. Long positions are alway tough.
Never keep your eggs in one basket. Move your Oxy 401K match to a different fund every couple months. Do people not remember Enron?!?!?
Keep driving it down. What is it they say about he who gets the last laugh.....?
Remember, I didn't start this.
Don't worry we have HR, Legal and Ethics to get it all sorted out and get us back in business. I don't know how the company could survive without them.
I would include IT but they are a humorous side show. This lot HR etc are all of a parasitic breed appearing in ever increasing numbers in our business and others. A creature may survive a small number of parasites but when there are too many they finish off the host and we all go down together.
Fixed it for you:
Lost my retirement and kids college fund with my stupidity!
Time for another asset sale. If Colombia can be sold then Algeria,Oman, and OxyChem can be sold.
VH was stupidly bold with other peoples money and decided we were too stupid to understand so she ignored all of us and did the worst deal in corporate history
Business schools in the future will be using the VH model as a lesson in how not to execute a takeover
Poor acquisition, opec price war, covid shutdown and now US President is sick. VH certainly picked a great time to be bold!