I am pretty sure u pay for that award.
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I saw on the company website where Chaparral had received an award for being one of the top companies to work for in Oklahoma. Maybe they should receive 3 Pinocchio awards as well.
The only thing growing is the debt. Now that is a growth story you can believe in.
Don't forget about the Miss growth story in Osage County. Another mirage.
The same type articles that said Marmaton was a growth story as well. Another mirage.
It was usually Mark Fischer and Scott Wehner.
Who was interviewed in the newspaper articles ? Probably the same thing that happened to all the IPO's that were and never were. A mirage.
Yeah but all the newspaper articles said Chaparral was the "CO2 experts". What happened?
With the changes that have been put in motion for the EOR group,the incompetence of the past will be resurrected and a place in the hall of shame is guaranteed.
62683,Thank you for that explanation. It is obviously propaganda for an event that will become another relic for the hall of shame. Another unfulfilled promise...
62609, I believe the high expectations advertised in the papers for the NBU CO2 was to try to bolster the possibility of an IPO in 2015. That was mentioned in the articles by the publicity machine.
Agreed that they have had success in the Miss play. However,1 good result is not enough to overcome the other bad results,i.e., Miss in Osage county,Marmaton,NBU C02. Why the consistent bad investments? Deep six all of these money pits and go back to what you do well...the Miss....if there is enough time. The quicksand is getting deep really quickly
The marmaton should have never happened. Even the geologists working the play for them have said they do not fully understand the play. They should have invested that money and bought out a miss like player since that is one of the areas they are having success in.
I am not sure how robust their hedging is,but they are cutting back on activity very quickly according to insiders at the company. Layoffs are just around the corner.
Think of the federal government. Borrow and spend. Kick the can down the road a little longer. High oil and gas prices along with bringing in money by more debt can cover up incompetence for extended periods of time...even years. Low oil and gas prices that occur quickly will uncover the years of bad decisions. Companies that have robust hedging programs in place are still remaining active although they are cutting back somewhat and laying off as well. Is Chaparral remaining active because it has a robust hedging program in place ?
What about the NBU Co2 "growth story"? This is a disaster that has not lived up to the expectations that have been advertised for reasons not clear to me. How could this happen ? Surely this company could not have lasted this long with incompetent decisions being made for all these years.
A river boat gambler approach rarely results in success. Why were pieces of the company sold to Chesapeake and CCMP ? Money was needed for growth. Why was debt increased at reckless levels and especially to fund the Marmaton investment which will fleece the company before it plays out? Money was needed for growth. The root cause for the layoffs lies in how the company's treasure has been spent. The road to hell is paved with good intentions and unfortunately good intentions cannot make up for investment incompetence. The decisions made have placed the company in financial quicksand.