CEO took a quarter pay cut, junior employees took no pay cut and everyone else in between depending on seniority. More contractors and services providers will be impacted. Probably the best strategy in these difficult times. Alex is showing... — read more
Nothing dirtier than a ball of oil unless you sold your soul
The masks are coming off and now everyone can see and will see who this Corporation really is, the executive team, the board, and last but not least those employees who sold their souls spreading the lie, doing the management dirty deeds, destroying... — read more
Here it comes
Friday is the day. Get ready.
So.. what’s the plan boys?!?
Most critical time for company and nothing on INC. this is not a good sign of things to come. Takes time to figure out who stays and who goes I guess. Good luck everyone.
$22 Oil
I wonder how they are going to lay us off now that we are all in small cubicles. I bet there is a committee on that right now. Logical nightmare .. can’t close your office door and wait for the tap on the door.. Wait a min.. even more... — read more
Just some communication!!!
Our company is so bad at communicating. Why isn’t there some form of communication coming out? It’s like an abyss. I get things are changing daily but it’s like our leaders from Mgr and up have just disappeared. You don’t have to have all the answers... — read more
CVE's future was obvious
I was working for CVE several years ago. I took one look at the leadership team, took another look at the market trend and took a package. The truth is O&G is Canada is on the decline. I know you want to blame the liberals, and I know sometimes they... — read more
Corona Virus! Who’s in charge right now!?
Has our captain abandoned ship?!? Why are we being told to stay in the office ?? I don’t feel Safe anymore Anyone know what’s going on in the C-SUITE right now? Are they even in the building?
Stock
How low can it go?
Why didn't you hedge AP?
When AP he took over said "i don't like hedging." Said a strong balance sheet is better. But CVE doesn't have a strong balance sheet. Now prices plummet and CVE is naked. How do you like 'em $35/bbl Brent, $25/bbl WCS apples now AP? How many CVE... — read more
Google employees told to work from home
When will CVE take the lead and protect employees given the technology to work remotely ?!?
Cenovus to Cut Spending
Source below... CALGARY – Analysts expect to see lower Canadian oil production this year as producers follow the example of Cenovus Energy Inc. in slashing capital spending budgets amid tumbling oil prices. After seeing its shares losing more... — read more
Stock
48% drop. How do you stay in business??
$16 from 20 Due to cenovirus
Don't worry, be happy. Only 16 from 20, could be worst!
20 for 20
Does this mean $20 oil in 2020? Now that we committed to dividends increases and we paid down our favourable debt to get to try to get to the magical $5B, where the hell is the cash going to come from ???
Layoffs
When will they start?
Canada is done
You might as well roll up the sidewalk take your toys and go home.
Deep Basin Layoffs this morning
VP Deep Basin and Land Manager let go.
Specialist vs. Advisor roles
What is the job hierarchy at Cenovus?
Cenovus in 2020
What do you expect from 2020?
Husky major layoffs in Calgary - all positions affected
here is the board https://www.thelayoff.com/husky-energy or &husky-energy
Layoffs
Husky today who’s tomorrow??
Things are shrinking...
Link below... As of Oct. 9 2019, there have been 3,666 wells abandoned this year, according to the Alberta Energy Regulator. Meanwhile, the Petroleum Services Association of Canada (PSAC) projects about 2,425 wells to be drilled in the province... — read more
Global Oil Demand to peak in 3 years
Global oil demand will peak in three years, plateau until around 2030 and then decline sharply. Experts believe electric vehicles to reach 50% of global new car sales in 2032; by the middle of the century 73% of the global passenger car fleet will... — read more
Mass exodus
Have you noticed all the job postings. Could it be that people are leaving. Such a sad state of affairs. Congratulations to the folks that have left and are leaving. Good luck to the new hires. Stay for a max of two years and then get out.
Cenovus Employee Review
Not good!
More people leaving
I’ve heard about numerous people walking out the door recently to other companies. Pretty soon it might just be easier to call Suncor Cenovus 2.0, most of our employees are ending up over there. Maybe they know how to treat employees a bit better or... — read more
Dang
I was applying in hope to go work for Repsol here in Calgary. Long story short, they got with a 30% cut today... Well, that is it for now...
Cubicle Refusal Manifesto
I absolutely refuse to work in a cubicle!!!!!!!!! Management can take my office ... but they can never take my Freedom!!! Freedom!!! (In Scottish accent) (First interview if tomorrow across the street .. I’m all fired up now!..)
Board of Directors?
Cenovus Executives get a bad rap on this site, but what about the people who are meant to be providing oversight? The Board approved the COP acquisition. The Board approved our disastrous hedging strategy, and the tall new buildings we get to shuffle... — read more
$10 here we come ha
So much for the $20 here we come crowd. Quite silent now aren’t they? I still haven’t seen our VP on our floor in his cubicle since we moved in, not sure where he goes all day. I mean I expect never to see our EVP on our floor, he’s never been around... — read more
New Hires in the midst of Layoffs
Once again as some people have been shown the door 'new employees' are arriving. How do you get approval to hire while letting go?? New guy hired in community relations. Is that really the priority?
Deep /Basin Layoffs
A couple A&D folks let go today after yesterday being informed cuts coming to Deep Basin. More to come I'm sure.
Pretty quiet here these days
Must mean everyone is happy and motivated! We knew the new leadership and new building would make everyone happy!
Money saving initiative - rotating power
As a way to save money we will be rotating power throughout the building. Power will be on each floor for two hours at a time. So you either have to get your work done during that time or follow the power as it moves. Thank you for your attention and... — read more
Open office proven to be less collaborative
Now that open offices are the norm, their limitations have become clear. Research indicates that removing partitions is actually much worse for collaborative work and productivity than closed offices ever were. But something as expensive and... — read more
$20 here we come!!!
Onward and upwards, $20 here we come!!!
Party time!!!
Just got my invite to BigZs please don’t unionize on me party. Let’s have a beer and forget about us marginalizing you all these years