Rig counts are up. More activity. More jobs.
More production. Prices dropping.
The roller coaster may have peaked for now.
8 replies (most recent on top)
Who the Hell was minding the store? Too busy planning million dollar Xmas parties?
$44/bbl and falling. Get out while you still can.
Oil's slipping. Is this just seasonal?
Hiring in the industry won't start until oil gets back up to $75/bbl. There is so much glut in the system and it will take time to get rid of this excess oil. Latest forecast is that it won't happen until 2020. So the oil job market is bleak for next 3 1/2 years. Time to work as a Walmart greeter until then.
How much longer can APC 'sustain' itself by continuously borrowing billions of dollars and selling off assets? Something has to give eventually. And what's with the talk about oil and gas companies starting to hire again? How is that possible with oil under $50 bbl?
In 1Q16, the company’s total debt was $18.8 billion
Anadarko’s total debt-to-equity ratio also rose from ~65% in 1Q14 to ~128% in 1Q16.
A higher debt-to-equity ratio usually indicates that a company has been
aggressively financing its growth through debt.
Anadarko had $3 billion in cash and cash equivalents as of March 31, 2016.
Additionally, it has access to a $3 billion five-year revolving credit facility and
a $2 billion 364-day facility.
Too much debt and living on credit. APC days to bankruptcy are numbered.
Pack up your office and be ready.
Why do you still have anything personal at the office? I keep a 'go bag' under my desk.
Should I clean out my office before vacation just in case Anadarko goes bankrupt before I get back?