THE RULES:
(1) Post 1 piece of trash talk about the "other" company.
(2) Post 1 piece of trash talk about your own company.
That's it.
8 replies (most recent on top)
Devon's building looks like a giant phallic object (the "Devon Di--o").
Coterra doesn't have their name on the top of their building.
So to put that in real world synergies, I guess post merger both sides will be getting sc--wed, we just won't know who's doing it.
@ag
1) CTRA seems to think they will outclass DVN employees despite having worse operating costs and capital costs across nearly every metric
2) DVN leadership is spineless and want to get along instead of doing the extremely clear and correct move
McKinsey needs to get in here and read the comments so they know about potential culture clashes. They can add it as another line item on the multi-million dollar invoice they will send, post close.
CTRA need a purge
DVN needs a purge
Neither will get a purge
1) CTRA employees got lied to their face by Tom according to my connections
2) DVN employees will get outclassed by the few CTRA employees that move to OKC, but DVN culture doesn't care about high performers, we prefer knee pads
CTRA is cheap.
dvn is in Okla LOL
1) ctra's field development and facilities su-k
2) dvn will overspend fixing them
I will begin:
(1) CTRA's development of their New Mexico assets borders on the criminally negligent. parent wells in the center of DSUs. No apparent effort taken to stay ahead of or plan for depletion. Best rock in the USA and this is what you have to show for it? Sure you have a lean workforce but if this is the result...
2) DVN has a conflict-avoidance and lack-of-accountability baked into their DNA to a level that is truly shocking.