CHK layoffs | Page 2 | TigerDroppings.com
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TH03
Notre Dame Fan
Member since Dec 2008
103126 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.


Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10123 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


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BROffshoreTigerFan
USA Fan
Youngsville
Member since Oct 2007
9727 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.


Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10123 posts

re: CHK layoffs
I got out this AM


GaryMyMan
USA Fan
Lower Garden District
Member since May 2007
11300 posts
Online

re: CHK layoffs


BROffshoreTigerFan
USA Fan
Youngsville
Member since Oct 2007
9727 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.


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