Survivors, how many of you are interviewing and applying somewhere else to take advantage of the higher commodity price. My guess is 50% or more of the company is at this point. A lot of other companies are hiring and I don’t believe the... — read more
Permian Field
If you’re in the Permian as I am, don’t think it’s over. They’re setting up for the future, it won’t include us.
Who is running this company?
I have never seen a more chaotic and poorly managed business in my long career. Letting go of some of your best and hardest working people never ends well. If the Board and CEO were trying to streamline the company, they failed miserably. My... — read more
Another round, same stupidity
Skilled and experienced people gutted. Again. The ones who actually knew what they were doing. Left with the rest of us expected to pick up the pieces.
Leads
Lots of people speculating that Lead positions will be almost non-existent and Managers will have huge teams. Any substantial information there?
The worst managed oil company in the business
Who else was “saved” but is updating their resume and looking. This place is a joke. How soon until the next round of layoffs?
Missed the mark. Again…
Not surprising that management missed the mark big time again. Anyone else think that?
Finally caught the bullet, and I'm not even a little sad about it
The job was a dead end anyway. Severance is decent, I've got savings, and I can afford to give myself a well-deserved break for a few weeks before I start looking again. I'll find something eventually. No point in stressing. Good luck to everyone... — read more
Any updates on severance? Is it still the same?
Would be grateful if anyone's comfortable sharing what they know.
Does anyone know how many people were affected?
I feel awful for everyone who got hit. Especially those who really need this job right now. And let's be honest, that's most of us.
factors
u need to pay attention to all of this... things that impact decisions... bookmark this somewhere and REMEMBER: personal disputes, retaliation, preserving dominance and status, rivalries, and internal power struggles, often arising from cycles of... — read more
I'm totally torn between needing this job and wanting to be laid off
And most of all, terribly stressed.
Good luck
Good luck over the next two days everyone. See you on the other side whatever that turns out to be.
Who survives?
Woodlands or Denver? Who’ll be left, reorganized, stressed waiting for the next hit?
What's the end game?
I only see a few options. 1 - Keep under performing as a smaller, poorly managed Oil & Gas company? 2 - Buy something, incurring more debt? 3 - Sell all or part of Ovintiv now that Anadarko is closed and add in a heavy haricut to reduce... — read more
A note
For six long weeks, the air’s been thin, A waiting game where no one wins. From Calgary’s frost to the Houston heat, The sound of shadows on every street. We’ve scanned the halls and watched the clock, Waiting for the final, heavy knock. They speak... — read more
Reorg targets
Assuming a big piece of reduction in numbers will be associated with Anadarko sale, where else will get hit? What’s the final number? What’s OVV going to look like
Attitudes
One week away from reorg. Attitudes and employee effectiveness are in the dirt in Permian OPs. How’s everyone else functioning?
Severance Packages
What is the typical package and what all does it entail?
Last Dance
This is far from my first rodeo at this company, but with the bull pawing the dirt and the writing on the wall, I'm starting think I'd be safer as the rodeo clown... which, honestly, is the closest I'll get to being management material around here. ... — read more
Criteria - HR Put it in a Slide
If asked HR & exec would be compelled to admit that they defined the specific criteria for advancement to senior roles at OVV. One of the criteria was female or visible minority. Can't undo that slide. Illegal in the USA for what it's worth. ... — read more
SM/Director Cuts Coming Today
And we’re going to a consolidated D&C org
Important dates?
Word in Denver is April 2nd and 9th are change dates. Know your future by 2nd and survivors begin new roles on 9th. Anyone hear contrary information?
How deep do people think the cuts will be on the head count
How deep do people think the cuts will be on the head count?
Morale
How are folks in the woodlands? Denver? Calgary?
Masters of suspense, these people
Nothing they do makes any sense. How long have they been keeping us on edge with the reorg and layoffs now? And through it all, they keep making these "strategic" moves - strategic, apparently, to someone who hasn't glanced at the news.
Polymarket odds
Layoff will take place by… March 19 —- 23% March 26 —- 34% April 2 —- 72% April 9 —- 94%
Ovintiv theme song
https://suno.com/song/93b314bc-10cf-41f5-81ad-79722b7335ee?sh=g2dXF3sFsanr6Pes
Two Office Model - Sorry Denver
Why are we still in Denver? If the company were building its office model today from clean sheet, nobody in their right mind would land on the current three-city model. The epicenter of oil and gas is clearly Houston. That’s where the investors... — read more
What a complete mess
There were so many ways to do this so much better. Instead, we got this mess. No wonder we're not doing better.
Lets Be Honest
OVV has assembled the weakest and most incompetent Executive Team in the history of Oil and Gas! Doug, please come back and clean this mess up!
MENTAL HEALTH
The company consistently advocates for metal health and talking to someone. Rip the bandaid off and just let everyone know where they stand within the new org chart. The anxiety and stress within our employees is at an extreme high right now. Come on... — read more
Exploration
So, exploration will be gone entirely ? Even the VP is done. Is this the right move?
Next steps
When will the next action take place and what will it be?
Well THAT was a little unexpected!!
What’s your reaction the the big SLT restructuring email?
Start the tally
Names are dropping. Who are you hearing…