Remember when Anadarko stock price kept rising and investors made a few bucks? Why would anyone with common sense buy this laggard (except for young engineers that have ruined our company) companies stock? Don’t blame it on oil and gas pricing, because it’s the management (engineers) that makes poor inept decisions right? Anyhow, sell your options or live with the cost of APC ‘pipe’ dreams.
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Correct - it isn’t being run well and it isn’t functioning well - hence low share price. Some things to think about…
Multiple bad news events that a few years ago were very rare.
Employees don’t trust management.
Loss of experienced staff (read older) staff and replaced by inexperienced (read younger gender qualified) staff.
Midland or should that be Midlag work colony along with the family in exile.
Absolutely Insane and Emerging Train-wreck (AIET) is a waste of money. Staffed by second world computer techs who we trust with critical company data. Where are the results and extra company profit??? Its performance appraisal time.
Human Resources with Compliance and Ethics have become a malignant PC cancer in the company. Hot lines to tattle tale so HR can start investigations, create files and fire you (especially if you are an old white guy). Ideologically driven training courses and whenever possible the word ‘Change’. What change exactly… I wonder young Soy Boy?
APC needs to rebalance the capital budget to support the GOM as that will not recover without more exploration. This is being noticed by the investment community. Mozambique??? Good luck.
Most of all APC has lost its sole or had it removed. The very thing that that once made APC a superlative place to work and its people were happy. Glad I’m out of it.
It's a better run company
Sorry but I must add that Dollar General is up 20% over APC in last 5 years...