So our news anchor leaves the company and co-starts a new company. Guess who one of their first clients is. Give up?? None other than Chesapeake. Imagine that!!
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The layoff is going to be massive after STX closes. Minimum 60% will be gone. Start packing now as the G&A reduction is headed for the level II and III staff again.
Hearing the STX divest announcement coming soon but not what they were hoping due to gathering contracts and long term environmental clean ups. Be interesting to see how management spins this one.
STX is already officially for sale, this one is trivial.
After that, I would bet on Rockies and then Gulf.
Finally, App and Brazos will be a bit more difficult because of the relatively larger tag value of these assets, as well as the heavy ties with Wildhorse for the Brazos BU.
Do you guys recall the $4 billion deal with Wildhorse in January 2019, don’t you ?
Regardless, you are very right, give it it just few more months.....
I wouldn’t have called him a news anchor or a talk show host. He was an oxygen thief at best.
Only the beginning of what is to come…. As they start divesting assets watch how quickly some leaders protect themselves and most left to fend for themselves. Give it couple more weeks and you will probably start seeing assets into data rooms to divest. Banks will be wanting their money back soon. Which asset divested first?
Yeah pay him more to do the same job. That’s the chk way!!!
Unfortunately it seems that there are no limits to indecency
I thought he was the talk show host. News anchor is a promotion!