Management - this has become a chummer's favorite downer. Some one needs to go now. Who would have ever thought this would enter carp land. FFF credit rating. Time for another egg on the wall of FCX's building in NO.
What gives? Everyone has laid off or is getting ready to. Global restructuring will make oil very expensive with projects shelved, rigs stacked and layoffs. This is a trickle down to where t (low prices) will kill everyone. You can't make plastic in the cloud. Smart money buys oil. Remember, half the world exists on a $1 a day. BUY!!!!!!!!!!!!!! No pumping - just simple math at these prices. New money comes in to reap the toils oft the fallen.
Too bad he didn't get a better price. Adkerson repeating "execution, execution, execution". I didn't know yesterday he was referring during the CC of lining up shareholders and shooting them. No clarity. Moffitt played it smart by hiding 12 thousand miles away.