FYI Layoffs rolling out it March. Start Saving Now.
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Looking for hummers. And no, Scooter, it's not the Hummer vehicle. Any bitch out there that can take my 9-inch Johnson without puking gets a bonus: my fee will be waived.
Umm lick dez nuts
Umm like Chesapeake was a relevant company like 15 years ago
What about field jobs?
Easy, if you work in any building other than ONE, you're likely on the chopping block.
How will the employees being let go be selected?
Umm...that movie is like 15 years old
Referencing the comments from @1fbw, the debt load alone is going to make any sale practically impossible. Equity has virtually disappeared in all assets as most were acquired with oil and gas prices at 2013 levels when the acquisitions were evaluated. The existing creditors have more than likely been burned by other E&P companies because most of the high yield funds consist of several fractional pieces of other players. The market will only feel this in April after the redeterminations occur and the banks and fund managers say a big "F--- YOU" to the oil and gas industry as a whole. The banks are like big casinos. If you take them for a ride, the 86 your ass and you can't come back in at any level. This purge was long over due.
That movie was so funny 8 years ago
Doug,
Your making initech look like geniuses LOL
Ps. Michael and Simir say hellow
And whatever happens leave milton's stapler out of it!!!
Your pal,
Peter
hey Doug, nice work with the two Bobs. Makes my scheme at initech look amature!
Your pal
Peter
P.s. Michael and Simir say hello from f--- you in the ass prison
Oh and whatever you do, leave Milton's stapler out of it
Who would buy this thing with all this debt? There's no way with this amount of debt. Selling to a buyer means the buyer has to assume all of the debt or pay existing debt down. The only way this thing gets sold is in Chapter 11 via a 363 sale where it's sold free and clear of past liabilities with a new capital structure. And the only guys that will be able to participate in that new restructured cap structure will be existing creditors. Equity? Forget about it. Bonds are trading way below par. So bank debt may get reinstated or get the same amount of claims, but then the bonds will receive a huge haircut and some equity.
Confirmed, question that management is facing is to wait until march or go for it late january. Regardless, look for a 40% cut across the board, these are the numbers that Evercore has tossed around. It will make the package/sell/restructure much easier. Evercore usually advises companies that have already filed bankruptcy
EWard get ready!!
I heard scooter McGee is giving free reach arounds if you agree to sell your assets to him and get plugged in the butt. I wanted to know for sure so I sold him my Prius for 10 cents on the dollar and sure enough he had me up the butt before I could sign the paperwork. It upset me at first but after I saw the look on his face I let him continue. Poor guy is addicted to butt pumping but I will say the reach around he gives is top notch. Almost as good as the ones I used to get from the Wildman.
Back that clam up!
All right!! I'll make sure to have plenty of room room for the inventory....if you know what I mean..8vo