CHK layoffs - Page 2 - TigerDroppings.com

Posted byMessage
TH03
Notre Dame Fan
Member since Dec 2008
93692 posts

re: CHK layoffs


quote:

It seems pretty well known in the industry that while they may have some solid assets, they are significantly over-extended.


seems like they desperately wanted their name to be one of the firsts in all of these unconventional plays and definitely over-extended because of it.






Back to top
Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9938 posts

re: CHK layoffs


seems like the action on the stock indicates that either outcome will be good for stockholders....

having said that, the reward is starting to shrink as it goes up...esp considering I'm up 38% in just a few months....might get it tomorrow ...maybe



This post was edited on 9/11 at 3:25 pm


Back to top
  Replies (0)
BROffshoreTigerFan
USA Fan
Youngsville
Member since Oct 2007
9619 posts

re: CHK layoffs


quote:

seems like they desperately wanted their name to be one of the firsts in all of these unconventional plays and definitely over-extended because of it.


I've always heard that Aubrey kept the company over-extended in that way to make us unattractive for a buyout. I don't know of any truth is behind that or if that's just revisionist history.

I don't think they're liquidating for a sell off. I worked on the rigs for Kerr-McGee when anadarko bought them out and the moves were very similar. It seems we are aligning our company hierarchy very similar to Anadarkos, and we are still heavy in the mid-level management area and really heavy in some employee areas.

Those areas will probably be cut in the next month. Still some dark times here to go through.






Back to top
Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9938 posts

re: CHK layoffs


I got out this AM





Back to top
GaryMyMan
USA Fan
Lower Garden District
Member since May 2007
10687 posts

re: CHK layoffs


Welp.





Back to top
BROffshoreTigerFan
USA Fan
Youngsville
Member since Oct 2007
9619 posts

re: CHK layoffs


All safe here!

I was told a couple weeks ago about my new manager and team that I'd be joining.






Back to top
  Replies (0)


Back to top