ELT should be held accountable! Board needs to make a change.
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Investors have lost confidence, and the market is punishing APA for it. The only path forward is an immediate purge of the CEO and CFO. No more second chances, no more empty promises—it’s time for real leadership that actually knows how to run an oil company
APA is at a 25 year low.
Had the execs not used the profits to purchase outstanding shares the stock would be worth $10 today.
How can the C-Suite possibly claim they have managed the company well?
Joke of a company, every time there’s an earnings call watch the share price crater, any other management team producing results as poor as this would’ve been long gone. Why are they getting away with it?
WHY DON’T THEY FIRE HIM!????????
Bring Elliott back again. Might fix a few things
Doug should be our new President & CEO since we clearly are in a crisis of confidence.
Anyone care to ask these questions on the town hall next week? They need to be. The BoD has some questions to answer just as much JC though.
It seems like Sr Mgmt doesn’t want to pay down debt because that could make them a takeover candidate. They want to buy back shares to support the stock price so they can milk it as long as possible.
It’s no surprise their tying their IC to future G&A (headcount) reductions
How could they possibly make $500MM trading gas and the Cheniere contract? Cost of gas purchased? Tell the whole story for a change. Something’s left out or the day to day operation should be shut down if it’s really losing that much money.
SR seems to be trying to one up JC on every answer. It is to clarify or is his desire to take over or differentiate himself from JC surfacing
The end is near. They can’t answer tough questions and for once they got publicity exposed.
That was rough.
That call was simply embarrassing
Speaking of activist investor….where’s Carl Icahn when you need him?? Having him on the APA BOD would be must see TV
APA’s board should be ashamed of the absolute destruction of shareholder value since John Christmann took over in 2015. Under his ‘leadership,’ the company has gone from a well-positioned, cash-generating asset to a mismanaged mess, hemorrhaging value year after year. The board has stood by and let Christmann and Riney dismantle APA by selling off prime, cash-producing assets while overpaying for second and third-tier junk. The recent Callon acquisition is just the latest example of reckless capital allocation—throwing good money after bad while shareholders continue to suffer.
It’s clear this management team is incapable of creating value, and the board is either complicit or asleep at the wheel. Enough is enough—an activist investor needs to step in and clean house. Christmann has had a decade to prove he can run this company, and he’s failed. It’s time for new leadership that actually prioritizes shareholder returns instead of empire-building at our expense!"
Don't know why they continually get away with it, any other company would have cleared them all out years ago, after year on year of poor decisions. Everytime they intervene and supposedly make changes for the good of the company they drive the share price down and the business into the ground.