Someone else here noticed this as well, is it possible that they blame COVID for all the problems here? I get the feeling that leadership blames the pandemic for most of the things that are wrong in this company, instead of accepting responsibility for the present circumstances.
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VH never takes responsibility for her own actions. She f-ed up Oxy in Colorado, only to get rewarded. She's a brown noser supreme. Evern John WInterman would have been a better CEO.
"Yourselves" and "tantrums" are Karma Troll key words. Oh the irony.
Look at yourselves. The blame is right there and no amount of message board tantrums is going to change that fact.
I have to agree. It was just an acquisition that we could of done without. Made a big splash, but to this point a bad deal. Our stock is stuck on neutral, and our dividend might as well not exist. From a stockholders perspective Oxy has turned out to be a bust if you invested before or during the acquisition. The pandemic had a large amount to do with it, but that was the case for all oil companies who fell off the cliff stock wise in March 2020, and many have bounced back well with these prices. I am afraid the harder we work as employees will not budge the needle on the stock price until the debt is paid down including the Buffett debt. We were doing just fine without the merger and could have acquired smaller companies and not been in this mess. No matter how you spin it the brakes were put on the stock when the acquisition was final.
Anyone at the executive level should be smart enough to see the problems are not due to the current pandemic situation. The oil price is between 60 and 70 which should have always been good enough to fund a proper acquisition. The problem is this deal never was a good deal even without covid. Why would you intentionally take a big hit on the company level for future payouts. This approach is ok on the project level but not on the corporate level. Just bad decision making.