Denbury Resources Inc. Layoffs

Topics regarding layoffs at Denbury Resources Inc.

Tone Deaf Leadership

New proxy came out today. I was surprised (not!) to see any changes to Exec Comp when our leader, CK just yesterday promised to "meaningfully reduce Denbury’s LOE and G&A expenses". More lip service from the top, and likely more cuts at the... —  read more 

Stock Price in Teens

Who would have thought just a month ago that DNR stock would be in the teens? Probably not much hope for the company at this point. Need to start looking at Chapter 11 options.

$30 Oil

Any news or rumors after oil plunged to $30 today?

Delisted?

Failure of a company to meet a minimum closing bid price of at least $1 for 30 consecutive trading days can trigger delisting.Could Denbury be headed towards this?

Exxon to buy Denbury....?

Why am I all the sudden hearing low rumble chattering of Exxon buying Denbury for their EOR assets? Any else heard similar or can confirm any truth to this?

HR leading IT and SC? The blind leading the blind.

An HR leader who who doesn’t like people, won’t make eye contact or speak in public is considered successful enough to take over more? IT? Led by the CFO’s friend? Would like to sit in on that staff meeting. Frankly, I think they’re perfect together... —  read more 

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Simple question

simple question....have the C suite and VP's taken pay cut? That's when you really show you do care for your people. Do you still need this many VP's? Screwed up Board and Upper management. It's all money for them while more and more work pushed to... —  read more 

Bonus time

Well its that time again. Any thoughts/info out there?

Layoff

Well it looks like there is still going to be an additional 10-15% reduction in staff. Hopefully they still give us our bonuses. I would start looking before March.

decisions

Should we lay off older workers or fire poor performers to improve company?

New PTO

I am a recent HR rep and I chose to leave because of the new PTO schedule they are releasing at the beginning of the year. Enjoy your two full weeks of PTO/sick time. It will be combined and limited.

I Can’t believe it.

Can you believe they just laid off the entire grounds crew and window washers.. what are we going to have to do, mow the grass and clean the windows ourself?? Maybe the old people will be able to still work. Or is that age discrimination too.

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Reverse split soon?

Stock about to dip below $1 in the middle of the summer. Not looking good for next winter.

Why does Denbury keep hiring people?

FDL makes over 70,000 bpd with 300 employees. Denbury makes less than 60,000 with 900 employees and counting. Does Denbury need three people to do one person’s job?

why are updates so focused on stock price?

it made sense when most employees still received stock. but now that most of us don't, it's really only relevant for 85% of us in terms of stock we've received in the past. that's the same whether we work here or not. we're equal to any random... —  read more 

Town Hall

What is going on? Is Denbury in trouble or making moves? Anyone know of big news or is this talk about the earnings? How did everyone feel about raises?

Expect more layoffs at Denbury

So, now that the PV merger has been canceled, we can look forward to more layoffs in order to cut costs that were supposed to be cut through the acquisition. I'm not sure when it will start, but it would be naive to think they are not coming for... —  read more 

PV merger

i can't believe the merger isn't going to happen. denbury shareholders are stupid. PR oversold the EOR thing and has now crippled us so that we can't diversify. CK will have to explain to them why it's good to NOT have your eggs all in one basket... —  read more 

raises coming?

Mr. Kendal said raises on april 1 In that email the other day. We haven’t heard a thing out here and nobody seems to know or keen on telling us . Nothing was told on the town meeting video either last week. any word at the plano office?

Cafe status

i've been gone a while...what's the status of the cafe? they still serving food? is it still free or reduced price?

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