Thread regarding Devon Energy Corp. layoffs

It's Official, Writedowns are the FUTURE

I find it humorous that Devon and others can clamor about earning pennies on the dollar with regards to per share, etc. and at the same time they writedown billions with an S every single quarter and that is supposed to be a good thing...

http://finance.yahoo.com/news/devon-energy-3-5-bln-212920534.html

If this continues Devon and it's peers won't have anything of value left once they have de-valued everything quarter after quarter on writedowns...

The real question is why can't the American worker writedown stuff?

The top 1% of people running large companies do when they launder their money overseas so they don't have to pay real taxes on it, etc....

DickDrainer4Prez

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| 511 views | | 3 replies (last November 4, 2015) | Reply
Post ID: @OP+EhM1xy9

3 replies (most recent on top)

Sorry, I must be illiterate because I don't see where a timeframe was stated.

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Post ID: @1Bsd+EhM1xy9

$80 oil you must believe all the bull shit the VP's and managers tell the worker bees. Sorry but $80 oil that's years off

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Post ID: @1DRd+EhM1xy9

Value of of company comes from the reserves they have proved in the ground. Therefore when oil is down, companies take a hammering. When oil is back at $80 you will start seeing value being added.

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Post ID: @gmJ+EhM1xy9

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