having done business with CHK AND DEVON for decades and having been a long time oil producer in 8 states, my view is Devon has followed a similar path in operation style to CHK. Wasting money at every juncture, horrible high cost operations in the... — read more
Topics regarding layoffs at Devon Energy Corp.
Follow the money. Chesapeake here we come. https://www.nasdaq.com/market-activity/stocks/dvn/institutional-holdings https://finance.yahoo.com/news/hedge-funds-selling-devon-energy-185559432.html "Heading into the third quarter of 2019, a... — read more
This group could easily be outsourced and save the company several million a year. EASILY. I’ve heard everyone in AP wants out so it’s a win-win.
Anyone know when the Barnett Sale will close?
I’ve been in AP for several years and I LOVE it here!! I have had so many growth opportunities in AP and it really is the greatest, most rewarding group in the company! Every day I walk into work I am exhilarated for the new challenges! When... — read more
Great googly moogly! If you're still there (and I seriously question why you would be), get out of there asap! Waiting for a severance package (and a Christmas bonus) ain't worth it!
I wonder if that means he’ll get extra gold for his parachute...
Later this week?
That’s the real question? Right? I love those ornaments they hang.
I like to upvote every reply to all of the posts. It is just so much fun.
just curious. will they rent out the other floors?
We are not sure why they only exited a paltry amount of people. Much more is needed and will absolutely happen in the future.
Now that operations has been impacted, accounting should follow suit 2-3 months later. Christmas gift of freedom maybe?
I would assume by now that DH has posted a heart-felt video saying how "difficult" this is for him. Makes you wonder how many takes it took for him to actually appear sincere. Fortunate for him, he did hire the best acting coach shareholder money can... — read more
Don’t forget to put on your hard hats boys!!!
CNRL got the assets for a song and a dance. Market realizes that and DVN stock flat/punished. Sad, went from a decent company to a POS. Next on the auction block, DVN Energy.
Get excited folks. Anyone who gets a pink sheet today wins the lottery! May the odds be forever in your favor PS: Contractors are also not safe...
When’s it going down? Pull the trigger already.
Wow, what a monumental announcement they just made. There’s likely to be hundreds of people laid off in the next month. And it now looks like a whopping 3 of them will be VP level or higher. It is a New Devon, after all. I just pray we can survive... — read more
I know everyone is wondering why the layoff didn't happen yesterday. I have it on good authority that the Board wanted it pushed into October so it could be rolled into the Devon Spooktacular™ festivities. So use this reprieve to get your... — read more
T Boone Pickens once said “If you’re not replacing your assets, you’re liquidating.” Smart man.
Our company just spent two weeks dancing and making absolute fools of themselves. What happened to a professional work environment? Meanwhile Continental, EOG, ConocoPhillips, etc are working hard, growing, and creating value. I doubt they announce... — read more
6 days ago, I hit it again. It’s pretty weird to be so glad that I no longer work for a company that I was so happy to have me hire, but there you have it.
Any idea when those layoffs are supposed to take place? What rumors are out there?
Elliot mgmt, please cleanse us of TV, TM and WH’s sins. wash the taint. Please return us to being a real oil company, not a private country club for these sick cuuucks who have been running the company into the dirt.
Now that all of AP’s supply chain contacts are laid off, more problems will plague the group. PO integration will get worse, more invoicing issues, etc. Several people in the group are close to leaving Devon. No one likes the current invoicing... — read more
In every battle, there are those who survive, for no known reason. Today, some lucky few were chosen to have liberty bestowed upon them. For the rest who remain, we salute you. Good luck, you poor b–tards.
Does anyone know what assets are up for sale soon? Heard the Anadarko is on the chopping block.
Anyone hear when the reorg’s happening?
The transformation to New Devon, a.k.a. Devon Hospitality, is nearly complete. Once Devon can divest the remaining oil and gas assets, they can focus on their core business of hospitality which is not as sensitive to commodity price... — read more
Canada, Barnett, Anadarko, what’s next? At what point will the Exec team admit that all we are trying to do now is stay afloat and get a life raft from a major?
Rumor going around that there will be an announcement soon about layoffs in ABBU. Anybody hear anything?
Will this one actually go for fair market value? The Canadian assets were let go for nearly $1B less than fair market value. Is this another desperation sale of assets from the clearance rack?