Or should I say - will DR be around in year? Honest question.
9 replies (most recent on top)
YES
Looks like the answer is yes....and doing very well.
What needs to "turn around" exactly?
I was told if things don't turn around in the next two years DNR will not make it.
LOL!! Yeah, company is so successful and prosperous that all VPs should get a promotion and pay raises. Pay and benefit cuts coming for us, the peons.. I am sure!
For sure! We have all these new VP's and their higher pay to lead us to profitability.
Bell creek has to be considered under performing. When you lump all the projects undertaken to serve Bell Creek, it gets ugly.
Add to that the money spent on things like Riley Ridge, the Greencore, Lost Cabin, Thompson, etc., that are either sitting idle or underperforming. Meanwhile the debt we issued to fund them is about to put us under. Thanks Phil!
Maybe after a chapter 11. Company's downfall started with the sale of the Bakken. Colleague of mine tells me that the acreage that was sold to Exxon is now producing over 100,000 BOEPD.