Will I get the full 3-4 weeks severance or just the bare bone minimum? Alex can you please elaborate? Thank you for reading!
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If oil prices were down, then the contract would show a gain, but then you still have a downfall, but in the revenue side (less cash coming in the door). One side up, one side down, that's how it works.
Looking at their recent 6-K report, seems majority of hedging wears off mid year 2018. Seems a short term blip, hopefully second half improves. Folks like hedging when prices go down, criticize when prices go up. Whole idea is to lock in a known price, not bet against commodity price moves. Usually the mark to market is compensated in the opposite direction by the actual commodity pricing and cash coming in the door. Does seem the spread widening screwed things up.
In Q4 2017 we lost over $600MM due to hedging losses. One analyst at National Bank estimates 2018 hedging losses at $840MM. Well done management.
The hedging loses are public. They were in the year end report. It’s no secret.
The company publically releases hedging information and as it stands compared to industry peers we did some really bad deals late last year that are costing us millions of dollars.
That's right. That employee better not disclose anything about the hedging book.
Better be careful what you publicly disclose so you don't violate company disclosure.
What aspect of the hedging book are you referring to?
What about a screen on employees who lose billions in market cap by making a bad acquisition deal or a substandard hedging deal losing the company hundreds of millions of dollars? Nah, that would actually add shareholder value.
Hey, that's a good idea. Non-employee shareholders would appreciate that!
No package for them either. Can fire without when they violate rules.
Cve should still run a screen on their it systems to see if folks are using company resources to complain on the internet. Then fire them for mis-use of resources..
That’s a bit hypocritical as you are wasting company time as well obviously. Get back to work!!! Make me some money!! Hahhahaha
What's a ystem? Oh, system. Missed an s.
Cve should run a screen on their it ystems just to see if folks are using company resources to complain on the internet.
Sticks and stones will break my bones, but names will never hurt me.
I'm rubber, you're glue, whatever you say bounces off me and sticks to you.
Who in real life outside of HR has ever used the words negative Nellie? Are you two years old?
WOULD BE MOST EXCELLENT TO SEE THE NEGATIVE NELLIE DEADWOOD HOLDOVERS GONE.
-1obi, you can't find a better paying job than at cenovus, yet you indicate a lack of desire to be there? Hope they fire every unappreciative idiot and don't provide them a package.
He mentioned he reads this site (and was shocked by the comments) and if anyone doesnt like being at Cenovus they should come talk to him about a package.
Believe me I would if there was a job that pays what mine does at Cenovus. Next market upswing and this joint will clear out fast.
one bone
lol there is more layoffs?
Did he mention something during the town hall?