Thread regarding Phillips 66 layoffs

Don’t be Fooled

Our stock has had a nice run up the last couple of months.
Don’t be fooled into thinking it has anything to do with BT because it doesn’t.
Our stock has risen because the oil sector as a whole has been rising. Our stock is lagging with the price differential between our stock and our peers remaining pretty constant.
The stock market doesn’t care about what we did yesterday or even what we did today. It cares about what we’re going to do tomorrow.
So far it thinks BT is not going to do much of anything.

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| 1671 views | | 3 replies (last August 14, 2023) | Reply
Post ID: @OP+1o3EyTUP

3 replies (most recent on top)

The failure of BT and waste of money has been called out by several analysts at earnings and investor meetings because the money the slumber party ELT keeps promising it is delivering never shows up in the bottom line

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Post ID: @3bae+1o3EyTUP

I would say the market is short term in view most of the time. Strong dividen makes it attractive. The problem is The Executive Slumber Party Association haven’t been able to say what it is we are going to do tomorrow. Too busy playing twister.

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Post ID: @fte+1o3EyTUP

Investors are not going to be fooled by BT. I've been here almost 20 years and it's not the forward looking company it once was. But hey I'm retiring soon. Good luck.

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Post ID: @dgl+1o3EyTUP

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