BCEI will be doomed if they don't get rid of Carty. He doesn't have any idea how to run an oil and gas company. He is only in it for the money.
The previous message was either written by Carty himself, a family member or one of his few minions at Bonanza Creek. He is thoroughly despised by nearly everyone that works there. Many employees left solely because of him. You couldn't be farther from the truth. You obviously are not aware of the absurd ideas and suggestions he has made in the past year as CEO. If BCEI does well this year, it won't be because of Carty. DO NOT get me wrong, I own many shares of BCEI and want nothing more than it to succeed, but in order to do that, Carty needs to GO.
Everything you say is true, EXCEPT for the CEO comment. He should be gone. He should have already been gone. He has no oil and gas experience and is not the person for the job. I can't give specifics, but this comes from those that know. I am a longtime holder of this stock and believe in this company, but the worst decision the BOD made was to put this guy in charge,
I went through two Chapter 11 in the 80's. They start at the top, meaning the banks, etc. that are owed money. The majority of vendors, etc. never get paid.
Unless something has changed very recently, the employees have every Friday AFTERNOON off. There are always people there on Friday afternoon. Today, who knows? Might have just sent everyone home, although, I seriously doubt it.
Has he retired or left the company? Couldn't have amount to much. The value is based up the price when you sell it. There are so many employees that had a substantial amount in ESOP before Terry destroyed this company. I truly feel for them. They will walk away with nothing.
Sentiment: Strong Sell
Since Terry took over running Swift, Swift has gone crazy in the "good" times and hired anyone who walked in the door. Then when the tough times come along they let all the "lower" level people go and keep all the ridiculous overpaid idiots. I've been around a long time and I can remember when the company had NO long term debt. No matter what happens, Terry will walk away a millionaire as well as a few others. Everyone else is screwed. There are/were good, loyal employees at that company that have had their retirement and security stripped away from them due to Terry's arrogance and lack of management skills.
Sentiment: Strong Sell