Thread regarding Southwestern Energy Co. layoffs

OU grad. Get experience and skills and accept you will probably work at many companies throughout your career. You will have to work hard at all places and politics and favoritism an unescapeable reality. You may even change professions.

Ou grad:

I really can't tell if your serious ... true of life, but swn especially, hard work is necessary for success but not a guarantee

An easy example is the somewhat exaggerated "buggy whip maker" . At one time buggy whips were widely made, exvenyuallay ending -- the last night whip maker probably was the best and worked the hardest -- his career still ended .

At swn, there is little to no cohesive strategy , ask yourself-- what new project will come along in 5 years ... also you have to strike your boss and align with those who are in favor with bill. Way

I'm a graduate from OU and earned good grades. This is my first real job. SWN said if I work hard I would be successful.

Willing to bet there will be layoffs tomorrow. Town hall meeting scheduled for next week too. The stars are aligning, maybe we will be set free!

Btw, I was kidding about what I posted on meeting about BIG raises and job security. Might get incarcerated if I posted any details.

Nothing against those incarcerated, but the job guarantee is like a death sentence.

We were ALL guaranteed our jobs plus Big raises this year.

So how'd the meeting go?

GOOD LUCK!!! Sounds serious and HOPE IT'S NOT.

Which area are meetings taking place? Any update?

Ok, I'll be thinking of my ex swn ers .. maybe nothing dramatic

They called a meeting tomorrow all employees has to go last time they layed off people

AGREE!!! Layoffs won't fix $4.4 billion in debt and hedges won't fix backwardated gas price curve with our average differential from NYMEX at $.80-.90/MCF as reported. As reported also that means average real gas price $2.15/MCF. Don't understand why models in presentations use such high NYMEX prices. Not REALUSTIC. Also concerned about any loan covenant terms that may be hit with stock so low.