As stock really craters with warm winter forecast and persistent gas over supply hearing more and louder rumblings of sale and layoffs..even a merger.
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I haven't seen the "Our time Our Destiny" video yet and actually could care less to see it. However, to actually have the chutzpah to create a film with that name when your stock is hitting $5 a share.
Meanwhile on the Titanic, the captain has promised, "Smooth sailing ahead everyone. Let's make sure those deck chairs are straightened out and the brass polished. Nothing but calm waters ahead!"
Maybe "our time" means yesterday, and "our destiny" means get bought out, if you're lucky.
Despite Earnings transcript stock falling. Delay in guidance report with HOPES that gas price has a dramatic recovery or change is short sighted at best. Operating within cashflow can be calculated NOW. Peers stocks increasing.
As a former employee I can just almost hear Bill and Jenny say "We can feel the energy in the room". Translation we are clueless.
stock has ht a low at 4.99 .... i think it SWN "time" to get rid of Way; or the "destiny" will be the end of a once successful company ....
For those of you that had a hard time finding "Our time Our Destiny" video, find it on the 'popular' SWn twitter page posted on 10/16/2017.
https://mobile.twitter.com/swn_r2?lang=en
The last time the stock was this low was late September 2004... The amount of bone crushing value destruction that has occurred under Mueller ( and honestly Korell hung on too long) , and now Bill Way is beyond belief .... how do you lose 12 Billion dollars in value
And to see the steaming pil of crap that is being put out look up the SWN our time our destiny video --- sounds like Way got someone else to do his blathering!
Someone please put this thing out of its misery ....
Rumblings inside and outside
A manager in Houston said layoffs are inevitable if we don’t my dramatically increase rig count .
Business development worker , said nothing of interest coming up that we can afford
Former he employee told a friend that they left because they couldn’t do another round of layoffs
Hearing this from who?