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Just (Don’t!) Do It

In the mid-1980s, I (vicariously) witnessed an investment lesson that has stuck with me. In 1985, I had taken a job as a petroleum engineer with a relatively small but aggressive oil and gas company. This company was publicly traded, and its stock was offered as an option in the company’s retirement plan.

More Oilfield Layoffs = More Litigation

It should come as no surprise to anyone that the large number of layoffs going on in the oil industry because of the decline in the price of oil have resulted in more lawsuits being filed by those affected by the downsizings.


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