Another Q4 miss! The best and brightest in the industry are really taking an unconventional approach to running a world class business. Making shareholders proud!
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With every misstep, every flounder, every colossal failure, I laugh. I can't help but enjoy it. What's even better, is that even with all of the above, you've been lucky. You management scum haven't accidentally run across someone you've f---ed over in the past either on the street or in business....When that happens, well, you probably don't want to think about what would happen....
Because running the business for the benefit of shareholders is not the primary concern of your company anymore. Look at AW’s inner circle of direct reports and you will see and smell the stench of HR, lawyers, company security, D&I activist and bean counters. The purpose of your company seems to have been driven toward social justice and changing the way employees think rather than making a profit for shareholders. APC continues to purge or lose the most competent people and soon there will not be anyone left except overhead and AAET which is essentially overhead ($100MM/year) as it has not and will never make a penny for shareholders. It is the latest management fad and even worse now you have got into bed with Google. The people running AAET are milking it and making fools of you. You guys don’t need a five-year plan you need a five-day plan which would include getting rid of AW and those around him. Then you can get back to being an E&P company that you did so well not so long ago.
Layoffs coming with bonuses. Severance plus bonus check. Good luck.
Management is going to announce it the Friday bonus checks get cut. They're going to use it as a way to get the stock price back up.
Also, Silver Tip wells are so terrible. Performance isn't remotely close to competitor offsets. Competitors have wells at half the length out performing. So embarrassing. That's half the reason the stock is falling. Missed earnings and terrible well results. Midland is an embarrassment. Should sell that acreage, we can't seem to operate worth a sh--.
If there's one thing Anadarko's great at it's dropping the ball. Here's to you Big Al and the rest of you id--ts on the EC who are steering this ship straight for an iceberg.