I want to leave a message on their board
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It would be a shorter list to name one company that WONT have a layoff. Shit train is here boys, all aboard!
Sandridge will hang in there! Their credit facility renewal is in the works. If they can hang on for the ride for another year they will emerge okay unless some unforeseen circumstance pops up ... like a drop to $25 a BBL or something shitty like that. I will tell you who is hurting worse that local oil companies: Vladimir Putin. That's why he is rattling sabers in the middle East. He's trying to roil the markets to get a price increase. 50% of the Russian budget is based solely on petro dollars. He isn't there to secure a warm water port, trust me.
Marathon reduced 10-15% in Feb. Also laid off more to asset sale and some more here recently.
How bout who folds up shop first, Sandridge, no doubts
Marathon split off their downstream business
Probably not Marathon...they at least have downstream to bank on right now
AEP Devon Marathon Anadarko. No one can evade this market condition for long because they all own too much money!
Marathon