As posted on CVE
Unfortunately investors agree CVE now has a record of failing shareholders and given the market/ price for COP, it makes many investors question the deal.
This acquisition will complicate CVE operations as the COP/CVE culture clash will consume resources, as ALWAYS occurs with large companies(particularly US/Cdn co's ). Moreso thru acquisitions when pride/superiority complicates teamwork essential to focus on progress vs personalities. Often proves best to hire from outside either company as those hires focus on the combined entity.
If managed appropriately this could turn positive should redundancy =massive,timely G&A reductions to benefit the bottom line/investors....as much as i feel for those laid off, it's prime time to cut costs, retain only the best educated/experienced/motivated from both companies and turn CVE around. COP was already a mess and dysfunctional....AND start at the Exec level, P4P (ie too many already)
Unfortunately almost everyone feels they are more valuable than they probably are, so I suspect combined staff will identify pay for performance disparity like never before...but this time good luck finding a similar paying job elsewhere.