As stated time and time again in the analyst presentations, ConocoPhillips does not have a business plan for oil below $60 per barrel. ConocoPhillips does not have a plan to be cash flow positive for oil below $70 per barrel. Asset sales and tapping into the credit facility will continue in the immediate future until oil prices increase to $70 per barrel or until merger or acquisition activity. The issue is not transparency with the future for the company but no future for the company @ $45 barrel oil. The math does not work.
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Cash flow neutrality will be achieved when Ryan Lance and the ELT step down without any severance pay...
Not to mention the managers and their minion supervisors believe that shit!!!!! Morons!!!!