Thread regarding PDC Energy Inc. layoffs

PDC Energy SMT Flies Only First Class or on a Private Jet

Why though? Many billionaires around the world fly economy and here you have this little tiny oil company, whose SMT just showed their true colors, that leases a private jet to fly their “executives” to Midland and other destinations.

Are you going to lose your dignity by flying on South West or United economy? You are not Exxon Mobil or Shell. You are PDC Energy, so small yet so arrogant. Stop being selfish and show true leadership skills and stop wasting money on unnecessary things like a private jet or flying first class. You can’t afford it. You are in debt. You are going to go bankrupt at this pace.

How evil do you have to be to decide to let go of 50+ employees in order to maintain your high salaries and whatever compensation you receive and refuse to travel economy? Very very evil.

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| 2204 views | | 2 replies (last July 9, 2019) | Reply
Post ID: @OP+ZVnFQWS

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The appearance worked for a minute. I see that their stock is dropping again on a daily basis. Looks like the confidence in the leadership of PDC energy isn't very good. They must have sone debt and not paying with cash flow like they boast about all the time. The SMT is just in it for themselves they dont care about the employees any more. They think they are a big company when really they are the little brother to the big boys. To get the stock price up they will probably have to sell half or more of their assets and get out of debt and become a little co.pany again.

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Post ID: @2tak+ZVnFQWS

The lay-off was all about appearances. If they lay people off then Wall Streeters will believe they’re committed to “capital efficiency” or some other bs financial buzz word. But let’s be real, everyone on the inside knows where PDC is heading.

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Post ID: @1fzy+ZVnFQWS

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