Vicki Hollub, dear there is a massive debt wall and you need to sell assets to pay it down.
RAW dog Walker was a better CEO.
Big Mike Wirth is a better CEO.
You bought high dear and now you have nothing. Debt is $35B to $40B and market cap is maybe $20B!
Da fuq?!
How many Oxy people have third world remote location experience and have the correct cultural awareness
You dont just drop Permian employees into a North African JV and expect them to perform
I guess this is another example of the pitiful state of Oxy managers and engineers and why the company will continue to lurch from crisis to crisis
Oxy lost significant talent because of the VSP. These people could have been put in charge of the Algeria assets.
Algeria is a mess with an unmotivated management team of LAPC personnel who are afraid to speak up incase the Omani mafia take offence in their observations
its going to end in tears of laughter for Sonatrach and a lowball $value for the Oxy shareholders
There are still persistent rumours about ENI and Total taking on the Algerian assets as Sonatrach realise that the Oman mafia are incapable of running the operation safely and efficiently
Algeria is not making them money and Sonatrach are aiming to bend Vicki over the table and teach her a life lesson
Assets are a run down mess lacking significant investment over a long period and are dangerous
Fires and fatalities
Oh, I don't have anything of value to add, just stirring the p-t. Today in the p-t, we have some stale complaints, mixed with a pinch of sarcasm. Don't forget a little condescension to give you that warm feeling inside. That's all "dear".
Algeria was supposed to be sold by now but then it turned into a core asset. Hopefully it is making great money now.