For those of you younger, you may be surprised how long a company can lump along... years if not decades.
Slowly winding down and slowly laying off..
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Drinking the koolaid expecting $4.00 gas. Look at futures curve.
Lots of associated gas out of Permian, which might dampen these expectations, but you never know.
As to swn they are NOW hedged, so it limits upside . I think last quarter they lost $150million on hedges. So even if prices go up, no increased cash flow this no increased drilling thus no need for people thus likely layoffs Jan next ( with early retirements, shifts, demotions, limited hiring in next 6 months) .. all mentioned on this thread .
Prices are dropping over a cooler than expected summer. That can always change, it's not so much the increased production. Production has increased but not by much this year. The total daily production in the United States has stagnated/dropped some. So the increased production is really keeping everything flat as far as I can tell. I've read some reports by analyst that say after this coming winter storage levels at the end of the season will probably be under a trillion cubic feet. This is with an average/normal winter also. So if this winter holds up the prices will be on the rise and I won't be surprised if they make it to the $4.00 mark and above :)
The Drilling Productivity Report published by EIA showed in recent report over 5900 drilled uncompleted wells and shows them by shale play withh 668 in Marcellus. This shows drilling and increased rig count is just adding to the oversupply problem and prices dropping.
Before interviewing with anyone it would seem your college would educate you on how to evaluate a company, it's financial health, read annual reports, understand debt, understand hedging, etc.
Sorry, but as evidenced by your capitalization of "hope" mid-sentence, you're probably lacking the skills necessary to follow Mr. Way's powerpoint template.
I know the reputation of college students, I'm not trying to sound entitled, but Swn shows up and I'm supposed to take time to prepare / interview / maybe attend a meeting night before -- with not even a slim Hope of a job? Seems really deceptive to the students . It doesn't make a student feel good to "to get an interview."
Already mentioned. .will go to colleges to keep up contacts but not hiring
Is swn doing college recruiting ? I've heard they are, should I even consider interviewing with them on campus? It's seems very risky
The industry is headed for another crash, be prepared for another round of cuts around January or February. This has already been discussed.
The other issue is NE Marcellus if closing in on getting developed -- there aren't many locations left and no available acreage to add, nor money at swn to get it anyway .. only thing left is sw
Look at 2016 year end reserves in annual report where there are NGL'S and Condensate in SW vs none in NE Appalachia. Appears we were trying to increase liquids when crude prices were higher and thought to have recovered.
On EIA.gov website see bubble map of Marcellus cums thru 4/2017. Overlay with our acreage positions.
I may agree about poor division, but explain why it's not in the core of the play? Acreage is bordering some big time players in the basin, so I disagree.
Poor division and results if NOT IN CORE sweet spot of play. All acreage is NOT the same for Marcellus-Utica.
"The party is over"
http://m.chron.com/business/energy/article/The-party-is-over-for-investors-in-U-S-shale-11242266.php#photo-10573293
Why is wv such a poor division & why not double down in NE Appalachia where we make money?
Do we really need a survey to know how bad we are doing and pitiful Way is? My bet is that we hear very little about these survey results from management. They'll conveniently forget to fess up.
Left SWN John g to Pittsburgh
Seems for all getting our resumes we can go to competitors with less debt or new start ups with equity funding. Bright spot for us with experience.
Dumb enough?! What's the worst that could happen? Get laid off? Pretty sure that's where most of us are headed anyways.