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re: Just got hit with a 2nd round of company wide layoffs
Posted on 11/12/15 at 1:48 pm to TigerDog83
Posted on 11/12/15 at 1:48 pm to TigerDog83
May not be as big a bloodbath, but there will still be a bloodletting. The only redeterminations that you've heard about were from the companies that weren't in a terrible situation. The banks are still negotiating with the companies that have their backs against the wall.
1
Posted on 11/12/15 at 2:02 pm to saw36
quote:
May not be as big a bloodbath, but there will still be a bloodletting. The only redeterminations that you've heard about were from the companies that weren't in a terrible situation. The banks are still negotiating with the companies that have their backs against the wall.
There's no doubt a lot of companies probably won't be in business much longer. I would list XCO, Magnum Hunter, Penn Virginia, and Goodrich among others who are in major trouble. Halcon and Sandridge can't be too far behind, and there are a pile of others who are behind the eight ball.
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