We have seen the ceo "step down". The head of HR has been let go. The stock has continued to tank, and we have 0 drilling rigs running throughout the whole company.... What's next?
23 replies (most recent on top)
NO LAYOFFS... SWN IS DOING FINE
Why is Kate gone?
Kate got FIRED, not let go/laid off.
Oil keeps falling. And falling. How low can it go? Posted on January 12, 2016 By AP
DALLAS (AP) — The price of oil keeps falling. And falling. And falling. It has to stop somewhere, right ? Even after trending down for a year and a half, U.S. crude has fallen another 17 percent since the start of the year and is now probing depths not seen since 2003.
“All you can do is forecast direction, and the direction of price is still down,” says Larry Goldstein of the Energy Policy Research Foundation, who predicted a decline in oil in 2014.
On Tuesday the price fell another 3 percent to $30.51 a barrel in morning trading, its lowest level in 12 years. Oil had sold for roughly $100 a barrel for nearly four years before beginning to fall in the summer of 2014. Many now say oil could drop into the $20 range.
The price of crude is down because global supplies are high at a time when demand for it is not growing very fast. The price decline, already more dramatic and long-lasting than most expected, deepened in recent days because economic turmoil in China is expected to cut demand for oil even further
But layoffs across the oil industry are mounting, and bankruptcies among oil companies are expected to soar. BP announced layoffs of 4,000 workers on Tuesday. Fadel Gheit, an analyst at Oppenheimer & Co, says as many as half of the independent drilling companies working in U.S. shale fields could go bankrupt before oil prices stabilize.
Kate is my mother! Mr. Anonymous, I'm going to Derga Derga you!
I heard that they are making the 4th floor an Isis Training Center. I have personally seen goats being brought in by the truck load!!!!
P.S. Kate is a bitch.
Mehta is going down with this buyout deal?
Because there isn't such a deal... here's your sign.
when is this Chevron deal going to go down? Why isn't anything being released???????
Your an idiot @FnEMnkD-1xdu
Seriously, who has gotten laid off? and what happened to Greg Stoute?
I have heard a deal has already been sealed with Chevron. Apparently to expand their current position in the Marcellus and to further their LNG opportunities down south.
That's just what is being discussed at the moment...
It sounds like they are doing that actually.
No announcement for who is taking Greg Stoute and Bill Way's old positions, so I assume their old positions are going away. But who knows.
Funny thing is they can easily ax some SVPs and VPs and not miss a beat
I just wish this damn management group who preaches about being open and honest, would say something.
Kate was let go. Is SWN being taken over?
Pg gf
Who was let go in HR?
What will happen with SWN????
Will a buyout happen?
I don't think you understand how buyouts work. If you think the major shareholders and board members would accept a buyout at the current stock price, your crazy. It would likely have to be double the current price to even be considered.
SWN paid CHK $5.4B for those assets. Now CHK can buy all of SWN for 1/2 that now. Just to let everyone know how bad it is. Not saying anyone is buying SWN.
Has anyone heard if Chevron is going to buy SWN?