We have the wRong people (primarily Way and silent Board) doing the wRong things (see the magic 8 ball post for a good description). I’m hopeful for all to keep their jobs and succeed but highly doubt that can happen. What’s the big delay in issuing... read more
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Topics regarding layoffs at Southwestern Energy Co.
Strategy work never ends. Way keeps shaking the Magic 8-ball asking it what to do. He restarts strategy work over when he gets the "Don't count on it" and "Cannot predict now" responses. Really, how many times and how many weeks does 5 need to spend... read more
Layoffs don't come without a big price tag. If you assume 60 days pay to honor WARN laws for each employee who is let go, then two weeks for every year of service for each employee who is let go, that's a big chunk of money for employees that will be... read more
He may be great, but is he really needed? He makes almost $600k in salary plus at least that much in bonus and $3.2 mil in stock. Last I looked, EP was about to go under, gas prices were struggling to get to $3 and our stock was in the can. May be... read more
Since corporate has been in Spring, every Christmas season the office is decked out with lavish Christmas decor. Now, it looks sad in comparison to past years. Is this a clue of what's in store for SWN, major cutbacks in the near future.
Does anyone have any insight into bonus levels? I've heard they could quite a bit lower than last year since last year's goals were so low and it was partly a make up year for terrible bonuses in early 2016. Either way the Board may be trying to pull... read more
Any leaks or thoughts appreciated. Resumes ready.
Bill Way was named CEO of this company in January of 2016, just before he laid off 1200 employees. Well, it has been almost two years and this CEO has done nothing to turn around this company. He must be removed and his position filled with a True... read more
As stock really craters with warm winter forecast and persistent gas over supply hearing more and louder rumblings of sale and layoffs..even a merger.
Will miss RS. As I am sure everyone will. She is/was an awesome co-worker and the lose of her will be felt for a while! What does the board say about so many on that floor jumping ship? You would think at some point they would step in...
Effective Nov 1, 2017, this new agreement is anticipated to offer savings of about $70 million from 2017 through 2020. This takes into account savings of about $45 million in 2018 through the reduction of current excess capacity, while assuring... read more
Southwestern Energy - on Sept 11, co entered into amendment no. 1 to $1,191 million secured term loan facility and $743 million unsecured revolving facility Southwestern Energy Co - amendment modifying mandatory prepayment and commitment reduction... read more
I'm sure Way is resting from all of his hard work over the past year. It takes a lot of energy to destroy so much value and put our share price in the tank. Really, why does he have any days off? Unfortunately, his buffoon style of running a company... read more
Tell me why we receive HSE alerts and near hit alerts every 10 minutes if someone breaks wind on a rig, but when the worst flooding to ever hit Houston occurs we do not close the office early Friday then wait to close Monday until the last minute... read more
I'm outta here. With BW and JMc running the circus around here, I have had enough and waiting for the next round of severance isn't worth it. Many other options out there and I control the timing. Good luck all.
Do we have a coherent strategy? We are hoping for higher prices to support it. We cannot run 5 rigs next year without adding to debt. So, we will be flat by the end of the year or worse. This will make our challenge and throughout contracts more of a... read more
My BIG concern $4.4 billiin debt and repeated discussion by SWN reps hope (and pray) can renegotiate term loan due in full in 2020 but footnote in SEC filings says may come due in 2019. Secured by Fayetteville and probably Moorefield which has... read more
This is making its rounds in the Spring office. SWN disguised as Pfizer. Everything else is eerily accurate. /
Has anyone heard updates since April or May when they hired Barclays to assist in sale. "The Fayetteville assets, which BHP acquired for $4.75 billion in 2011, had a book value of $919 million at the end of 2016, according to the company's annual... read more
How many execs decide to retire this week or next. The Board is meeting this week I think.
How does this impact SWN in Marcellus-Utica?
In this company the "YES" men around Way will help lead the company right into the ground, as long as everyone is kissing Way's a#! and stroking his ego that's all that he cares about. As far as templates69.rus, that are coming, I would start looking... read more
Why aren't all investor presentations made by our company posted on our website?
Has anyone heard when SWN is releasing their spending plan for 2018? Last year it seemed like it was during July.
to see the biggest problem here. It starts at the top!
Two more key people in PA were let go this week while they keep the people that have no education but do the most s---ing up. I am soooooo glad that i left this sinking ship when i did, if you are a "yes man" or a s--- up you'll go far!!! Very... read more
CFO is leaving the company in late June for a new position with another Energy company.
Swn $45MM Arkansas Settlement Is it cancelled per our SEC filing yesterday? Saw in article a new separate royalty class action trial started yesterday in Arkansas supposed to be valued at $98MM.
If Swn repeats buying into a play at this time seems very puzzling and alarming due to debt and obligations we have, Debt we would incur for Permian and Oklahoma packages in area already picked over and nothing for sale for cheap. We increased debt... read more
Well, I'm very glad I worked for SWN the number of years I did, and I'm equally glad I no longer do.
Long serving. But clueless!
If so - aWesome step forward!!!
Anyone know anything about SWN hiring another rig crew full time? Exciting!
Thank you SWN. Outstanding company!
Anyone heard about new plays? Sounds exciting?