It would be interesting to hear what the integration teams are telling Hess employees these days
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The merger is stuck in arbitration so that’s not going to come to fruition any time soon to be offering Hess posts to CVx folks.
There is speculation that some of the cuts will be to open seats for Hess.
During PDC integration they sent lifers who were with CvX for 30 years to tel us how much of a family the company was, how everyone oils out for each other, and how great the benefits are.
The first day in the office I got pulled aside and told by several people, “don't make friends, trust no one, and prioritize yourself.” If I make this round of cuts…I’m leaning hard on that advice.
We’ve got nothing of substance coming our way, it’s clear what is coming isn’t good. -Hess
Hess stock is $145. Is it a good buy now with a merger imminent?
Integration teams are not communicating, arbitration has that frozen. Nothing material will be communicated until August/September.