Thread regarding Anadarko Petroleum Corp. layoffs

Credit markets are freezing up. This will be over soon enough.

http://interfaxenergy.com/gasdaily/article/33761/anadarko-exxon-lng-race-heats-up-in-mozambique

https://www.google.com/amp/s/www.sowetanlive.co.za/amp/news/africa/2018-12-07-mozambique-lawyers-sue-us-gas-giant-over-land-deal/

To @VYyUBwU-Dnrw, if your point is that bad deals are cut, my answer is of course! If your point is that lenders lose money on project financing, my answer is yeah maybe if there is not enough of any equity cushion or the assets used as collateral lose value. If your point is that Anadarko could lose money, my answer is yes on their equity investment but not on their non-recourse debt. In the end, Anadarko is not taking on $20B in debt. The project is taking on $20B in debt. Anadarko's share of the debt is about 1/4 of that, about what we paid for Macondo, about what we paid for Tronox. It won't hit our balance sheet because it is not our debt. Even if it did, it not enough to hurt the company.

And that you should calm down ... because, you know, if that bulging vein in your forehead bursts, I'll have to call 911, but my phone is VOIP based because I don't want to pay the 911 charge every month ... I mean like WTF why don't they just make it a surcharge for people who need ambulances. That would rationally allocate the demand for 911 so people don't call because like 411 doesn't work anymore to find the nearest Pizza Hut because everyone assumes you have internet search capabiilty ... which I do, but I just don't have 911 ...

Hey does anyone know if "nonrecourse off balance sheet project financing" means something about your mother and one her orifices in Polish ... because it really seems to have p-ss-d off this DP.

And I don't want to pay a 911 surcharge.

No I was just saying it is off balance sheet, nonrecourse, project financing.

@VYyUBwU-Bhuy - Sounds like youre more on the money side so you know, or should know, exactly how money is made and lost by the dictates of the other side of the check writing. Again, many companies have crashed and burned because they had no term negotiation capabilities. Some companies self fund these "real" projects or solely use other peoples money for things like political risk ahem, technical risk ahem, customer risk ahem. You give away how incompetent the company really is - it's in over it's head. It's like you drink the coolaide - trust me, I know what I am doing.

Exxon is not the enemy. Time is. If we keep f---ing around the debt markets are going to unravel right before we reach FID

Off balance sheet. Nonrecourse. Project financing. Not sinister. Calm down.

Off balance sheet?!?

A lot of chatter at Shell right now saying Exxon is planning to make moves quickly in the next few weeks to run Anadarko out of Mozambique.

Yes, "off balance sheet". That's how another good company crashed and burned. How about focus on "core" strengths?

That's total debt. Our share is about a quarter of that. Most of the debt will be off balance sheet.

Let this sink in we are willing to add $20 to$30Bn in debt for this project???? What will our stock price look like with that kind of debt on the books? $20 or $30 per share? APC Brexit from BG...vote in 2019, lol...

There appears to be massive amounts of turn over within the procurement and engineering teams. A lot of people outside of the LNG team are noticing. What is going on over there?!?! Is it BG madness?

Dang I wish I caught the deleted posts. If I click on the iframe ads will you leave the more scandalous posts up for 48 hours?

Sadly, -ctml is making the accurate call. Seeing how all management has been groomed under the al model, competence is not a core value. The dj political risk is exactly at the same level post election so getting cash from that asset better be yesterday. it was hubris or plain poor decision making to think apc can get down in the very exacting details required for the uber long term, complex project management required of lng by quickly hiring outsiders. and yes, xom probably has spent millions more man hours of top performers on lng planning. luckily, i was in a position to unload my stock a long time ago.

Do you really think XOM bought into Mozambique for billions plus billions in capex because it thinks it will lose? When it comes to LNG, XOM has no learning curve. APC is STILL STILL trying to figure it out. XOM doesn't need to get bank financing.

APC, let's hear more about the 2022 "sweet spot". What happened to that? Your window is f---ing closing! All XOM has to do is stand back and let APC drop from exhaustion. Then step in and by its project at fire sale prices. And fix it.

Or XOM could just pull plans from its file cabinet from a dozen other gold stabdard projects and cut a check today fron it's pretty cash and be ready to break ground by New Year's.

This is a story David and Goliath story but here Goliath beats David's Scottish a--. In a year, none of these f---ing BG id--ts will be here. Let's hope the rest of us survive their smug c---iness.

They don’t allow: using names or other personaly identifiable info (think you can name c-suits as they are already public figures), posting threats and personal insults, trolling and cyber bullying. Also, they don’t allow asking for votes.

Rude posts get deleted, and those containing names. Read the site rules or just google it. This site is not associated with the company, just look how many other boards here.

I read this and I’m trembling with rage. Without delay I shall call the hotline to report this and allow that team to decide what to do. Remember speaking up creates change unless on here and posts get deleted. See how long this post lasts.