Thread regarding Southwestern Energy Co. layoffs

So people from Arkansas can't read and are idiots?

You're an idiot, and most likely from Arkansas.

EIA shows DUC's continue to increase. Natural gas glut not improving and still over 5 yr average.

Read this article...and reflect where we are now.

https://mobile.nytimes.com/2014/12/23/business/energy-environment/natural-gas-glut-isnt-deterring-southwestern-energy.html

it's not just insiders. Go read some of stock message boards they say the same thing..he is WAY over his head and driving company into the dirt.

Way is a narcissist is every sense of the word. He cannot be pleased. From temperature in his office or any conference room, his tea and the thousands (yes thousands) of dollars the company has spent on installing water on 5 (in the copy room opposite the kitchen) and several high priced coffee/tea dispensers at his insistence for he and his merry bunch of ELT, landscaping around the SWN building redone at his insistence, SWN plane usage, wine at Christmas parties (ask around for back story).

What has he done for us? Drive the company stock price to multi-year lows. Destroyed morale. He doesn't know what he is doing. Want proof? Ask those that work close to him (may need to buy them a beer). Go read the transcripts from IR calls. He's fluff and we see through it!!

The only thing lacking from the story is how the previous Sr VPs tripped over themselves trying to reinvent the wheel and fix things that weren't broken to endear themselves to the last CEO

Many E & P companies in earning reports are stressing GROWTH IN RESERVES is not the answer RATHER FOVUS IS LOWERING EXPENSES, INCREASING EFFICIENCY, LOWERING BREAKEVENPOINT, hugh grade where drill (if drillung) and spending and operating within cashflow. SWn unfortunately overpaid for CHK right before/at price dive. Took too LONG to react. Backwardated gas prices are a reality.

Staying within cash flow and servicing debt is the right thing to do for the balance sheet. The problem is the decline and/or lack of growth in the production profile. Without prices moving up, production growth MUST happen to provide any real catalyst for our shares. That is why Bill spent so much time talking about gas prices going up on Friday - that must happen for him to survive. Unfortunately for all of us, prices are moving the other way in the future. The result is production decline, less drilling, drop in overall production and layoffs -- rinse and repeat.

Hardly think of SWN anymore, but yet here you are posting about SWN's insignificance on a somewhat obscure website on a Sunday afternoon? Yeah, you're definitely jaded.

Buying the CHK acreage in WV was not crazy stupid. The price SWN paid for the asset, coupled with not hedging some gas in 2015, is what was crazy stupid.

Like it or not, staying within cash flow and servicing the debt, while hoping for improved gas prices is probably the best move for SWN to survive. If SWN gets an offer SWN can't refuse on one of the assets, dump it, but most likely all of SWN's assets are worth more to SWN than they would be to anybody else.

I was cut by swn in 2016, now at another company in Houston --petrotech. So maybe a little jaded, but really I hardly think of swn anymore.

The most interesting thing to me is how unknown Swn is in the Houston industry, and what little is mentioned goes " what happened to swn? they used to be significant, oh yeah that crazy stupid move to buy west Virginia from chesapeake- whats up with that "

The main thing is they are just not in the discussion s- business/ technical/ etc ... just a non-starter!

Sad. Era of narcissism, resistance to huge changes as relates to oil and gas business and ACCEPTING REALITIES and politics. Reserve growth does not equal success (especially given economics), Debt, especially term loan secured by Fayetteville and SWNC stockholder lawsuit not common for well run large public companies; world wide supply and demand issues where rumors or public media can manipulate as can traders or execs hopes and dreams.