I've worked for a couple other companies in the dfw area and DNR's compensation is not below industry standard. They compete fairly with the likes of Pioneer and other PE firms. If you chose SAR's, then yes, you got screwed....but if you chose cash/stock...then you didn't get hurt as bad. You still made good money.
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HR you sound like my kid.
Everyone else does it so its ok.
And "Denbury" and "has been" really rings true.
The empty shell of what "was" a great company!
Amen!
"There were a few people part of the RIF that were hired back?" Yeah right, I need some of what HR is smoking x2. Denbury is to proud to admit they made a mistake and let go of the wrong people. I just hope if Denbury ever knocks on the doors of the people part of the RIF, they decline due to a better and brighter future. Denbury's pay is far below the industry standard. Who in their right mind would go back to a company who kicked them to the curb like garbage?
Oh OK HR
I believe you!
Yes I do!
Any fresh Kool aid?
There will be no more layoffs.
We're actually hiring again. There were a few people that were part of the RIF that were hired back.
Be positive. Corporate companies has always been this way. Denbury' has been one of the greatest companies around!
I agree with the post below. We are a takeover candidate. Let's all hope that oil keeps increasing. What worries me is the debt on the books. Management has done a good job of restructuring it. However, it is a bitter pill vs takeover.
IMHO
I believe there will be only a select few in management who will get parachutes for poor performance
With the high interest rates and 40 dollar hedges, I don't see anything but assimilation by another company by EOY.
When you post June layoffs are a certainty please elaborate or have the courage to provide your source. It's bad enough the Job uncertainty in today's oil/gas industry without speculative crap being thrown out there. If your management posting this screw you.
We lost a third of the company in nine months, and - while I can't speak for everyone - the meeting we had following the last layoffs suggested we could still function for at least 18 months if oil prices stayed in the doldrums. As oil prices are now ~$20 more than they were at that point, where are rumors of more layoffs coming from now?