So what’s the latest news st Cenovus? Are you all happy?
5 replies (most recent on top)
f*ck cve!
The new CEO indicated in our latest townhall the new focus is on shareholder returns, not on new growth - he emphasized that Deep Basin spending+production will be below previous targets and Narrows Lake will be shelved until they can either reduce costs or improve returns on capital.
Sad to see the EVP lackies still trying to sell this Conoco deal as a positive. Since the deal was announced oil is up $10/bbl and our share price is down 30%. We lose credibility with investors when we try to spin the tale this deal was good for the company.
Terrible morale, layoffs on-going, no corporate direction, so yeah, real happy.
The question is...are YOU happy if we say we are not?
Sociopath much?