In order to pay the 40+ VPs and 100+ Directors/Managers CVE has, probably more layoff in the upcoming year?
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Started yesterday, the lay off again 11 July-2017 and today and tomorrow.
What a bunch of clowns, should fire them all
I had high hopes when the new VP Upstream came on board but he seems to be a blithering sycophantic idiot just like the other EVP's. The CEO needs to go as well for the simple reason he has failed to deliver on any promises since 2009 with the exception of layoff targets. These bozos are now promising to be completely carbon neutral and have actively supported a carbon tax all to the detriment of their shareholders and shareholder value. This is the last place any investor should put their money.