5 execs "retiring?" Yikes. Good luck all, looks like we're in for it in 2025.
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Jon blew up a refinery under his oversight when he was at Suncor. He was fired. True story, check into it.
There is certainly more to this than meets the eye - buying, selling, taken over...something is afoot for over a year now and wish they would get on with it! Everyone feels it - so just do it! All these execs in the last year...
How much of this can be laid at AP’s feet vs JM’s? Not trying to defend JM but outside of doubling down on Toledo wasn’t everything else downstream from AP and the takeover?
@eg+1jh5sw0pk I think it was a very well planned plan, I would say like a master checkers plan but fits better a “Chinese” chess game :)
It is weird how the Husky executives have taken over the Cenovus C suite. They ran Husky into the ground and now they’re trying to do the same thing to Cenovus. Could anyone here imagine CNRL buying a company, keeping their mgmt, then eventually replacing their executives with that mgmt? It would just never happen. I mean seriously, what kind of losers would allow an acquired mgmt team to take over their own company? Kieth probably saw the writing on the wall and knew how this was going so is going to greener pastures.
I think our only hope at this point is us getting bought by maybe Suncor. It’s not like Jon has a track record of performing over at Husky.
Pathetic company with pathetic leadership. Good riddance when Cenovus is taken over and all the lifers are booted.
I think Jon used a few of these executives as scape goats for his own incompetence. Buying all those downstream assets was a company ruining mistake. BP is laughing at us. They’ll lose more money this quarter as these downstream jokers slowly pull us all down with them. Jon is trying to make it look like he’s cleaning house when really the mistakes started with him doubling down on refineries. 100 year old refineries at that. He needs to make like Trudeau and just leave before he gets the boot from the board.
This is Jon’s “Rich Kruger” moment to try to appear like he’s interested in operational excellence and cutting costs to placate unhappy shareholders.
Get a brain buddy, no one is buying Cenovus shares for bottom quartile legacy Husky refining assets.
Without the Husky merger, CVE would be firing on all cylinders and stock price would be much higher. Since then, those boat anchor Husky assets are making the stock tank and, ironically, the C suite is transitioning more to legacy Husky. Bizarro world.
Likely getting ready for a takeover.. I mean "merger"....Exxon?
Who is buying the downstream assets?
If the share price does not improve the next one is Jon
Someone has to take the fall for the poor share price performance.
What a master move of Hutchison!
Jon's cleaning house, Husky's pulling a reverse take over. Time to cut loose all those worthless legacy Cenovus personnel.