Well folks, moral couldn't be worse. I've spoken with several current APC employees over the past few weeks, and, well, they are not happy. Not happy at all. Why aren't they happy? Hmmm, let's see...
The only assets worth a grain of salt are DJ and the Permian. Moral is low, people are moving on and finding better places to work, the stock price is falling, current oil prices are falling, and on and on and on. However, other companies are managing, some are even making money. One cannot continuously blame the commodity prices for the eventual downfall of APC...one has to look at current management decisions.