traderjake
Veteran
- Aug 30, 2002
- 5,669
- 9,308
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You post the above statement then fail to provide a link to any of those articles.There have also been articles written in the last week or so showing that the refinery does in fact make sense. A balanced perspective should include them as well.
I guess you read different reports. What I saw was 'No problems', not a word about distribution issues. Spare me your idea that companies don't lie, whether to investors or employees! You and I both know better than that! What gets my attention is, the fact that they made the statement, only to fall back, when, any moron would know, after Sandy, that transportation would be interrupted. Power outages to allow pipeline flow should have been handled by back up generators, trucking companies to be able to load tanks, etc. My point was to identify a statement that was made, perhaps a bit ill-timed, vs the truth at the end of the day. I suppose my question back to you would be, how much money did they lose due to not being prepared and involving only the refinery vs Sandy?again, they noted that the greatest hindrance to the operation of the refinery came because of an inability to distribute products because of infrastructure issues in the NE - which apparently happened after the first day.
Don't you think someone who really knew would have stepped up and called them out at the risk of fines to DAL for false statements to investors if the refinery really was not operating normally?
Companies really do tell the truth a whole lot more than some people want to believe.
Then why on the day after the storm, did they make a public announcement that there was no harm done to the refinery and that 'Business was usual'? I am not implying anything other than what was posted to the public, not stating that Delta lied, just the fact that they perhaps spoke too soon. Gotta love WTs comments, if I was so certain they were telling lies.... OMG, it was in the press and no, I won't file a complaint as I don't have a dog in the hunt. I could care less if they make a buck or not, just the point that they said one thing, then back tracked from the original statement. Is this so hard to grasp?To say or imply Delta lied or misrepresented themselves on their financial report is not based in fact.
I also have a hard time believing that they could have done anything to predict or mitigate what took place as a result of Sandy.