thoughts about the meeting?
19 replies (most recent on top)
EF issues are predicated on the realization that MRO & resource plays cannot be really profitable at $50-$60 oil.
Since Tillman and the collection of incompetents running MRO are utterly incapable of thinking outside the box, and have blinders on when it comes to conventional opportunities, MRO is destined to be a "me, too" company as long as Tillman is at the head.
Note that OPEC is deliberately collaborating with Russia to keep prices in this range, just to beat down the economic viability of the resource plays in the USA. As Tillman is inexorably linked to resource plays, MRO will be lucky to survive long term, slowly eroding away under his bullheaded and misguided leadership. He is playing right into their hands.
EF - high turnover.
Not SEC, SAC, standout achievement card.
What are the EF issues and SEC concerns?
Feels like an HR post for sure...
I agree meeting was much improved over previous tillman led meeting and party is nice gesture. I am becoming more optimistic about HR/leadership getting it and moving in the right direction . Not there yet but at least moving the right direction.
The person who mentioned the rock is right on. This is what happens when BD picks your acreage instead of geologist. Complete lack of subsurface understanding by leadership team - especially tillman. We always overpay for subpar acreage, say engineering will save it, mark it a success, give Wagner a slap on the back for a few years, then it fails and we need to change the spotlight with a different acquisition yet again.
Maybe someday we will learn but don't expect it to be until a change at the CEO level.
EF issues are real but should not be discussed on here.
Funny how DBJJ and HR is using this site for employee surveys now.
Good to hear some employees are feeling better because outside of Lee and DBJJ MRO has good people.
"...Unfortunately, there's still some EF issues coming up..." What are those EF issues?
Strategy should also include the quality of the rock. And the MRO rock quality does not compete with the "premier independents".
Your strategy is only good as the rock you have. That is the key to success for EOG. Best of class rock and it's not in Oklahoma. How foes it feel that EOG acquired Yates ?
Yes, let's have a party but limit expenses related to travel and critical customer business relationships.
Misplaced priorities.
What is SAC? Do you mean SEC?
What are the EF issues coming up?
I'm with the guy below, I felt Wagner did pretty well. I liked to finally hear them explain why we've chosen this strategy, whether you agree or not. I thought they highlighted some good things in the panel though those are always somewhat awkward. The admission of the SAC failures was also welcome. Now a fancy party in November, seems a bit wasteful but at least they're trying. Oil looks to be going up, hopefully Marathon comes out the end of this downturn with having learned some lessons. Unfortunately, there's still some EF issues coming up...
I actually thought it was pretty good. It sounds like maybe they are starting to "get it" and are beginning to establish a real direction for us... I felt better after leaving the meeting.
Same s#$t, different day!
What was the meeting about!?!?!
Inspiring!
I am inspired to leave. Time to shop around or go mad from the rants of clowns.
As Reagan said not so many years ago......"There you go again."
Pooooooooooooooop