Wow! We are doing so good! Anadarko Petroleum Corp. has managed to lose over half our value in three years! When will we adjust to the new economic environment and start making a profit?
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Andarko will never come back. Like I said before. Anadarko owns 50% to a private own family....The reason for the asset sales...because the true owners found out they were stealing in Tyler county....Marlin midstream. Springfield pipeline n the assets to ZARVONA. Anadarko is in a lawsuit at moment were Anadarko never got consent to drilling rights. Breached the farmo out agreement n operating agreement. Now they have to explain who they been paying. Anadarko has been own by private family since 2005. Blame brad Taylor. All documents lawsuit to prove. Plus we have 4 days to answer judge for discovery. Sorry anadarko will fall. And half of the assets in ETC belongs to US!!!
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Dust off the resume's because we aren't going to make it at this rate!
Still a lot of dead weight around the office. Many useless positions have become even more useless because their assets have sold. Notice how many "managers" have become "advisers" so directors can keep their buddies around after assets are sold off? Extraordinary amounts of dead money. They keep cutting the muscle and keeping the fat. They can't sell the company as a whole because of horrible debt ratios, but can sell the assets. I think they will sell WTX once they have everyone moved out there as a self sustaining operation. Followed by the rest of the assets before filing bankruptcy.