What is happening? We have transformed from 1.0 to 4.0. We have Delfi, Agora, Apollo. We have lifted and shift. We try everything and yet our stock is going to the floor... what is wrong?
13 replies (most recent on top)
No sympathy for the stock wh--es... they should have sold at $118 but because they have not got a clue they thought it would rise forever rather than sell and buy cheap. From an economic point of view, they are totally clueless and should not be allowed to handle money.
Forget about the pension that will be history soon. Companies need to survive first.
It is kinda of frightening, was relying on stock as nest egg
Future outlook of oil and gas is c-ap- looks like market forces will come in so likely lowest cost seller or provider wins, slb with all its fat shared cost, ofs sso, ems, R&D is so heavy will sink.
Plus who trusts the pension is not used up at the same time.....alright if you get $20M a year or N-2, everyone else is screwed.....
Don't worry about payback. SLB's business model is mortal... It will collapse for sure. The question is only when. Bigger and better managed companies with solid visions and sound financials fail all the time for various reasons. So, slb has definitely punched the ticket to the Titanic.
Will the people that lied, deceived, and excelled through selfish behavior get the payback they deserve? Maybe some... but they won't regret or admit and always blame the "organization"... So, it's kinda pointless to gruel over it. To fire and send someone home without caring what happens to them, whether you like or dislike him or her is one the lowest of all human behaviors. Do not expect any remorse! Haven't met a rich guy yet regretting the way they made their money! Quite the opposite, they regret they didn't "accumulate" more!
.....during the good times SLB (and HAL, BH) became a bloated, inefficient mess of a company... too many processes, too many procedures, too many people to do simple jobs....... this was great when you’re raping the oil companies with over inflated prices and arrogant SLB attitude.......great profits, manipulated SQ numbers etc....
today, SLB can’t reduce it’s costs fast enough, the transformation isn’t showing the expected efficiency improvements, isn’t competitive vs small players selling low tech but effective services, while still commanding acceptable service quality.
Sending a 12 year old PSD manager, who does not know his business, no matter how many trainings he’s been on or processes he waves in a clients face isn’t working.... the clients bypass those kids to find out the Group Ops Manager knows nothing about the business as well.... and that the experts now work for competitors...
SLB is dying... even when the upturn comes, thousands of ex-slb employees are ready to ensure they’re new employers royally f*ck SLB badly..
Help us...please help your employees, your investors, we have worked hard for you
What is happening
We are going broke
My retirement in this company is gone
Bless everyone as Paal has not produced an up year in quite some time
Transformation into what?
Just answer this simple question and you will have your answer answer. Would you love to see your children joining the O&G industry ?
The low value of Stock is more of a concern than the price of crude at the moment it is scary
Stock has.......double amen.
Since 22nd January 2018 the sockhas dropped nearly 50%. Amen.
Nothing to do with Transformation.
It is all market forces.
In last 12 months, Schlumberger share price has fallen 30.5% and Haliburton has fallen 27.5%.
When share price goes low - it is market forces.
When share price goes high - it is CEO hard work.
If you cannot understand why you must be a senior manager. To much oil, too late into fracking.