Denbury Resources Inc. Layoffs

Topics regarding layoffs at Denbury Resources Inc.

Furlough

What is happening to those people on “furlough”? Has anyone heard any update?

We missed a bond payment

Hopefully it’s a negotiation tactic to restructure our debt but if not that makes sense on why we are getting a bonus payment quarterly now.

Back to the Office

I heard there is a Covid case at DNR. Why are we reopening offices with higher cases including one at work?

What are the chances?

Does anyone think they will get to return from furloughed? Some good people got let go today, just wonder how they go about making these decisions.

Delayed earnings....what next?

Does the delayed quarterly release signal a bankruptcy announcement? Things are very quiet from leadership right now...I’m guessing layoffs at the beginning of June.

Well, it happened to me.

At least I got insurance coverage for 6 months. After 7 years I got 3 1/2 months of pay. Better than nothing. I’m glad it’s over. The waiting was too much.

Quarterly release

Soooo....everyone else can give their numbers but we can’t...I think we know what that means....Bankruptcy!!!

Job Reductions

We are in denial if we don’t think there is a high chance some type of reductions in the form of furloughs first then layoffs later in a month or two. I’m afraid the video messages we Get from Plano have gotten may have been more wishing and hoping... —  read more 

Predictions on if there will be furloughs

CK said in the townhall there would be furloughs instead of layoffs if it gets to that point. With oil in the teens now, it seems inevitable. I'm thinking they would start next month, especially if we start shutting in production towards the end of... —  read more 

Restructuring

All over the wires about DNR hiring outside bank to help in the subject process. When will our executives come out to company about it? Strange Chris didn’t talk at last town hall about it. Hopefully they can work a decent deal with our debt... —  read more 

Lawncare

Have we finally laid off the lawn crew? What about the janitors? Are we going to be cleaning toilets when we get back. I hope so because I don’t have much work to do other than get on here all day and think what everyone says to be true. Amiright?

Be Aware

There are external media sources watching the comments on here. We all have opinions, but try and be smart about what you share.

Wasting Millions on Nonsense

Denbury stock price is tanking, oil prices are tanking, Covid19 is k–ling the US economy, but Denbury continues to waste money on nonsense like SAP, Geotabs, Lone Worker Devices, Ipads, etc. How did these id–ts in upper management ever get there? ... —  read more 

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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