Down almost 15 percent today. Well, this is fun...
O&G Stocks Taking It On The Chin
Oil & Gas Stocks have been taking it on the chin since the beginning of the year. DVN was at $32 on December 31st. Right now it's about $21.28. That's a third of the value of the company gone in less than three weeks. Dear God in Heaven, how much... — read more
Best Places to Work 2016
Will Devon make the list this year?
Start Taking Those Sick Days
When you're laid off, you won't get hour-for-hour credit for sick time, if they give you any credit at all. I'd start taking those sick days now. At least that way you'll get paid for them.
Start Taking Those Sick Days Now
At least that way, you'll get paid for them. You won't get hour-for-hour credit in the severance package.
Start Taking Those Sick Days Now
When you get laid off, you won't get hour-for-hour credit for accrued sick time, if you get any credit at all. I'd start taking those sick days now. At least that way, you'll get paid for them. You've earned them, after all.
Food for though
Just to get some discussion going; what do you Devon employees and stockholders think about Iran entering the energy market? Iran is courting major oil companies to help them get started. Do you thing Devon should get a share of the action? Go
You will get caught
If you post to this sight while at work you will get caught and escorted out. Posting negative smack hurts the company and everyone you work with. If you work for Devon and post to this sight you will get caught. The IP addresses are logged and can... — read more
What the future looks like:
This will be CHK in 6month and Devon in 1 yr. SandRidge Energy Inc., an oil and natural gas exploration and production company based in Oklahoma City, announced Jan. 13 the closing of a large portion of its oilfield services subsidiary Lariat... — read more
Survivor Employees: What You Need To Know
"[surviving] employees do what they are told but have lost all commitment to the company and are no longer motivated to do good work. Disengagement is one of the leading after-effects of layoffs and leads to a workforce of the walking dead..."... — read more
Well this week should be interesting
Well this week should be interesting. US markets closed on Monday, which could mean a big selloff on Tuesday. Town Hall on Wednesday. IT Department call on Thursday. How much actual work do you think will get done?
Sell Sell Sell
http://oilprice.com/Energy/Oil-Prices/Forget-20-Oil-Prices-At-8-Per-Barrel-In-Canada.html
CEO of CHK and DVN should be working around the clock. If they're not, they're not doing his job. Shame on them; they're getting paid millions.
There are rumors of banks being told not to mark energy loans to market on their books. Means things are a lot worse than expected in the entire sector. Go ahead, call me names and say I am this and that without doing your own research. But mark this... — read more
Free Fallin !!! O what fun it is to ride.
Yippie Yippie Skippie, the world won't end but you can bet it won't be a party. Devon is in panic mode, but don't worry they have a plan. They're going to let you go!! LMAO See ya later:). Jan 26 is the first day and more will follow. Folks in OT... — read more
Town Hall on Jan 20th, Layoff the next Friday.
It will happen. They'll make the announcement next week. They're are a lot of things going on behind the top floor office doors. IT will take the large cut , projects will stop unless they can save money this year. Don't count on bonuses and expect... — read more
didn't take it seriously
It appeared that the company didn't take $50 oil very seriously. Now that we are seeing $30 oil we are going to regret not acting faster. There are still many, many opportunies to reduce cost in the tower and in the field. Our competitors have... — read more
Where's Scooter?
Anyone seen or heard from Scooter?
This is a sad state of affairsal
Devon - I hate that the world is killing you and me along with it. The economy is like a cancer for the oil industry. Down down we go. Today almost all training was cut due to economic reasons. We all know the the hammer is going to fall. Its coming... — read more
New hire worries...
I'm a recent new hire and now I'm feeling like a total piece of crap for believing mgmt lies about a new turnaround. Should I be worried or not considering they just hired me? Or does that mean I'm safe? Freaking out right now.
The Mammoth Cometh and days of famine will endure for years until the righteous are elevated.
Devon pretenders don't know what to do. They have lived in the ivory tower too long. Economics will demand deep cuts. It's going to hurt. Many will be let go and salaries must be cut back to 2003 level. If you last it will be a rocky ride. You maybe... — read more
ummm Enron had new building, ummm Devon has new building
Maybe Devon can resize to fit in old building, donate new building, all company vehicles, and cell phones to state, state then allocates new building, vehicles and phones for low income housing which can be used for laid off employees, Devon gets a... — read more
Is HR supposed to be approachable or cold hearted? Kristina McLeland HR so called business partner in Calgary.
Probably the most unapproachable person I have ever met in my life. She doesn't even have the courage to face a employee or leader on a issue she would rather run up the org structure and complain to a director about another leader. Aka witch hunt... — read more
New Great Depression - Next Round Layoffs Jan 26th
The new Great Depression is here. There are no energy jobs left in Oklahoma, unemployment is rampant, and both of the top Oklahoma football teams played like panty-waist pussies in their bowl games. Throw in Tulsa's pathetic bowl game and you have a... — read more
Devon Leadership Toxic
Devon is too heavy with expensive, ignorant leadership. So far, The only answer has been layoff the staff? How about layoff the leadership that make bad decisions and don't understand the cost of their ridiculous demands.
Devon Leaderships are demanding that GA reduction
Calling all departments and IT. GA being cut. All employees/contractors on GA working on reports will be let go. Company wide ROI to be under 21%
Cobra
Anyone know if you can still keep health insurance for a while if you get let go and the price?
Outsourcing IT Dept???
I'm hearing rumors they may outsource most if not all of the IT dept. Is that true or just BS? Surely they couldn't outsource everything....wouldn't core groups have to stay?
kris goforth
Does she even know what she is doing? Is she qualified to be a VP?
2016 Layoffs
What is 2016 looking like? Did Devon mange to re-hedge at $50/bbl? How many more will Devon have to lay off to survive?
LTI
I was hired in 2015 and given LTI that don't vest for 2-4 years. What happens if I get laid off before they vest? Are they still mine? Didn't think about getting laid off as I was getting hired.
Prediction for Devon stock in next 3-6 months?
I am thinking this will touch $20 by end of Q1 2016 or before ...
2016 The Year Devon grew up
This will be the year everything at Devon changes. As oil prices drop and the stock price goes under $20 dollars - look for drastic changes in management. This will have to happen to make the shift in the stock price. New leadership from companies... — read more
Midland Business Unit Gone
The Midland Business Unit has been sold, or a significant portion of it. Thanks for nothing Andy Coolidge and Peter McDonald. Your fixation on one artificial lift method and inability to understand how to economically maintain base oil production... — read more