If COP's cash flow doesn't turn positive in the 2nd quarter, look out. Lance put a stake in the ground w/Wall Street months ago saying operational costs and overhead had been lowered and would insure cash flow neutrality in the $45-$50 Bbl range. Oil prices are there. If we're not generating positive cash in the 2nd quarter, expect more tough times and layoffs. Keep your head down. 3rd Quarter could be rough.
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... it looks like ConocoPhillips need a clever talented creative thinker with technical and commercial insight and a track record of achievment ... doh, no longer working here. #COPupacreekwithoutapaddle #COPf***+ed # COPlazysuckassesleft
Layoffs have already started. Buckle up, folks.
Heads will roll if we lose too much money in Q2. Wait and see in July. The rest of the year could be interesting...
We couldn't make money at 80 much less 45. Need some old school tight assto run this company. Not a bunch of hens scared to hurt thier chicks.
"Sum Ting Wong"- 😜 You are so correct sir and love the handle!