http://www.bloomberg.com/news/articles/2015-12-10/billions-of-barrels-of-oil-vanish-in-a-puff-of-accounting-smoke
Devon's Outlook is Pretty BAD!! - Stocks will be under $15 by year end. WOW!
DVN's current earnings per share, an indicator of a company's profitability, is -$25.47. Zacks Investment Research reports DVN's forecasted earnings growth in 2015 as -49.15%, compared to an industry average of -26.4%. Read more:... — read more
Bad BAD MOVE - >> Devon going down.
Devon Stock was just starting to recover, and now it is going down like a rock. How will they get stock prices back up? Layoff. massive layoffs
Flash Back
The supervisor who was shot and killed at Trans-Coil International Thursday evening was gunned down in his office during a meeting with a disgruntled employee who then killed himself, Milwaukee Police Chief Ed Flynn said Friday. George Hites, 58, of... — read more
http://seekingalpha.com/news/2969656-devon-shale-grab-sparks-downgrade-warnings-from-s-and-p-moodys
Let's hope this move pays off. http://seekingalpha.com/news/2969656-devon-shale-grab-sparks-downgrade-warnings-from-s-and-p-moodys
Moral in IT Dept
I'm thinking about accepting an offer in the IT dept but wanted to get a better feel for overall moral in this dept first. My two interviews were depressing as hell and I got the sense no one likes working here anymore. What happened? This place used... — read more
Merry Christmas!
Life at Devon is Great! Take your doom and gloom somewhere else.
Devon Headed for Doom! - Thanks Davie
Will Devon Energy Acquire Felix Energy to Add More Oil? Is this really wise ?
Team Pumping
Is anyone else doing "team pumping" if so what do u think about it
IT and Accenture
Is Accenture still running Devon IT? While upper management called it cosourcing and all those buzz words, they seem to be running IT. Welcome to the new world!
Per EK4fKxws post, don't hold your breath on Mgt. cuts.
Granted, there's a significant group of inept (Boyd, Buchanan, etc.) amongst the mid/upper Mgt. but once you're in that 'elite club', you're basically set. Don't expect any real changes to the core.
Oil News: Devon Energy Corp is Reportedly Brewing Up a Multi-Billion Deal
http://www.fool.com/investing/general/2015/12/03/oil-news-devon-energy-corp-is-reportedly-brewing-u.aspx?source=eogyholnk0000001&utm_source=yahoo&utm_medium=feed&utm_campaign=article
Hearing rumors of another round coming for Devon Canada in Q1 (likely that G&A still not healthy enough, even after October cuts). If true,
will hopefully target more the top-heavy so called "Leadership" layer that contributes little to nothing to the bottom line.
Satellite office employees are getting snipped
whole departments are being liquidated. no one is safe. If you work in a field office, you need to spend every day proving your worth. THEY WILL CUT YOU IF YOU ARE NOT ADDING TO THE COMPANY.
No one is immune inthis smarket.
AEP is laying off weekly too. Got my source from an employee. Work in AEP's bldg. less cars in parking lot, missing familiar persons in POPS's deli. Some went to Ascent, but still there are land and IT folks defiinitely laid off of late. And no... — read more
need to focus on making money
Devon needs to focus on making money and eliminate all other useless departments ( i.e. continuous improvement and the data management "experts" who know nothing about how we actually make money). Such groups are only a drag on the system. They not... — read more
The big rumor was layoffs would happen by the 20th to have any impact on 4th Qtr Financials.
Hopefully this means that we are safe through the holidays. How long before we have to cut more in 2016. Are we ever going to safe until oil breaks $50? Hopefully accounting is safe seeing as how we are already spread very thin. It wears you down... — read more
continuous improvement
What are all these CI guys doing? Most of them were working out at Tinkler AFB before Devon. Why did Devon hire so many government employees? Was this a good idea?
East TX Engineers
Devon just laid off an east TX production engineer. He was a younger guy and I forgot his name. Who is next? Could his job have been saved had Devon not run such a sloppy and haphazard operation in other areas (Delaware Basin) Enough fraud has... — read more
It's real and it's happening now. Haven't you noticed all of the IT supervisors have been away -- ;)
A complete reorg is underway. Simplification, which means less people. IT is hated and the cuts are coming, LOTS and LOTS!! of cuts. The department has not delivered. Sorry you may not have a very merry Christmas. Don't let the door knob hit you on... — read more
Devon lays off more IT people today. At least 10 or more.
Devon suck laying off people right below the holidays
Devon has a strong balance sheet and great assets
Devon has a strong balance sheet and great assets To this point they have held on to people, so I think they will give it until the end of the year before really putting any large scale layoff in place. I personally think if they had a Voluntary... — read more
25 Companies That Burn Most Cash (as of Nov 2015)
25 Companies that Burn the Most Cash : Anadarko Petroleum Corp. Chevron Corp. DuPont Co. Yahoo Inc. Leucadia National Corp. Freeport-McMoran Copper & Gold Inc. Occidental Petroleum Corp. Marathon Oil Corp. Amazon.com Inc. ConocoPhillips Hess Corp... — read more
When will it stop?
So oil goes under $40 for the first time since August. When will the bleeding stop? What will make it stop?
Haven't you also noticed the change in the people hired.
1) You have to be under 30. 2) If you're gay then this is even better. 3) No real mean. 4) Your looks have to a 9-10. 5) You have to wear tight pants. 6) If you're a women you have to wear F-Me shoes. 7) If you're a guy you must have hair. No bald... — read more
OMG...Upper Management!
Seriously...upper management fix middle management! Directors have no clue what is going on in their organization. Managers are sucking ass to get ahead and supervisors are running around gossiping. This is the only way the staff can get messages to... — read more
Devon making discrete cuts.
Look out everyone! Devon HR is firing people without performance issues, without write-ups, and without any kind of due process. All in the name of cutting G&A. Basically, this means that management has been given free reign to remake their teams... — read more
No Christmas Bonus year
Get ready. No Holiday Bonus this year.
Security supervisor Phillip Gordon Devon corporate okc
Phillip Gordon at Devon corporate okc office having an affair with another man's wife that works at Devon Wow!! Then he swears for you not tell Greg Nelson. This guy should be FIRED!!
High school anyone?
As long as they run this company like a high school where the cool kids get promoted and the popular kids get the choice units, while the nerdy kids that actually get work done are treated as disposable, this company will never get ahead. At some... — read more
High school anyone?
As long as they run this company like a high school where the cool kids get promoted and the popular kids get the choice units, while the nerdy kids that actually get work done are treated as disposable, this company will never get ahead. At some... — read more
How low does it go?
Any bets on how low OPEC lets oil prices go until they finally step in. My guess is $25 per barrel. It's going to be a brutal 4th quarter and first half of next year.