Surely it will be in the billions
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More layoffs and more debt incurred.... It's a little too late to try to turn the ship around. This here is sinking boys and girls. Oil is headed back down and there will be no oil freezing or production cuts. It's lights out.
How much more money will the banks loan to COP before they stop? More asset sales, more layoffs? What's your take on the next move? I'm certain the "street" will want to hear some responsible actions in the upcoming announcement...
Actually, losing billions per month.
Wonder if Lance & CFO are going to use a different & new creative accounting for announcing the financials! I am sure he will not say what he said last year! "We responded quickly to the current low price environment and are well positioned with a large portfolio of low cost of supply development opportunities, the majority of our major project spending behind us and a strong balance sheet."
Yea, but did not budget for $35bbl oil & losing millions per month = failure!
Might make Sears look good