The Canadian asset sale that ConocoPhillips announced earlier this week will lead to layoffs at the exploration and production company's location inBartlesville... — read more
Well what will we have when the sale is over?
A large cash horde and what will we do with it? Pay debt, buy stock or build a bigger drilling inventory? No! We are going shopping. Grab your a-- we are going to merge our on to profit.
Reality check....if you are not already, become a motivated team player
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... — read more
ConocoPhillips start Bartlesville layoffs and eventual closure as non-core assets are sold.
Layoffs will soon start in Bartlesville as a result of the Canadian assets sales to Cernovus. The number will start with 170 and may exceed 300 following this disposition. Additional layoffs will follow as more non-core assets are disposed of... — read more
Cenvous planning divestitures
Target: $3.6B CDN Identified asset targets: Suffield $600MM CDN Pelican Lake $1.2B CDN Still plenty more assets to divest to make the target. They probably don't need as many people to operate the deep basin assets as some people think.
Overpaid
It's good for cop but cenovus paid way too much for this. What were they thinking. I bet RL is popping bottles right now. Found a way to get out of thus mess
Salaries?
What is going to happen with our salaries ones we move to Cenovus, what about our benefits and position?
Surmont
What will surmont do now...uselss managers cant leverage cenovus to do things right.
Cenovus Acquisition
Cenovus needs the Deep Basin and WCBU staff to works the assets they just purchased as they didn't have positions in ANY of these non Oilsands assets prior to the purchase. Unless they are grossly overstaffed in their existing Oilsands assets, I... — read more
Town hall tomorrow in Calgary
Let's see how they spin this. I'm sure they will be serving koolade. They will make it sound so Rosie and positive. I'm sure all the managers will be running around getting their orders first thing in the morning so that they know what to tell the... — read more
Tired of hearing about San Juan ...
From San Juan yes we are a mess blah blah so what sick of hearing it...can we go back to hating on Bartlesville?
Caution
The Bloods wear red and sport guns and tear drop tattoos. The Crips wear blue and sport bandanas and shot guns. Our scariest gang are The Plastics they wear Hustle Kindness gear while sporting highlights and Durango Joes cups...they may not look as... — read more
You heard it here.
Cenovus Energy (NYSE:CVE) agrees to acquire ConocoPhillips' (NYSE:COP) 50% interest in the Foster Creek Christina Lake partnership, the companies' jointly owned oil sands venture operated by CVE, and the majority of COP's Deep Basin conventional... — read more
10% cuts coming this summer
Just got a heads up from am reputable source that following the divestitures there will be a support area right sizing to the tune of about 10%. I am personally being impacted. Good luck everyone.
Rootbeer Floats Rootbeer Floats SJBU gets rootbeer floats today!
I got an email saying we are having rootbeer floats today I spontaneously forgot we are up for sale and that COP has caused me nothing but torturous hell for the last several years through constant layoffs and now the undercover ghost sale that noone... — read more
RBU organization
I guess the theme of layers of management is taken from 9 layer French cake. It's so much fluff on top to manage 2-6 MSOs doing work. In COP any supervisor role with less than 15 reports should be eliminated. Anyway all they do is ask their staff for... — read more
Why do we still print Spirit magazine?
Hard copies seem like waste of money, why not just go 100% digital?
Let's dump Bartlesville as soon as they finish with asset sales book keeping.
Once these non-core gas assets are disposed of we will no longer need Bartlesville. Move corporate support to Houston and get our head count down to independent upstream company level of our size. We will all have to do more but heck that is better... — read more
Sjbu
Its done. Heard Production Sup, Surface Sup , Stateholders, Records, Land , are all going to TX ! That means the end is near.
COP Union
I know unions seem old fashioned and are nearly dead in America, but they were born from employee frustration and distrust of their employer. We have had rounds of layoffs, low and unhelpful communication, and a continuous downward trend in all... — read more
Heard there will be big shakeups starting Monday
Lets see who is strong enough to put up with them!
Calgary Layoffs - March 2017
Industry rumor that Conoco is going through layoffs again end of March. Any truth to this rumor?
ExxonMobil, Chevron & RoyalDutch Shell Making Big Move on Shale
This can not be good news for us. More competition with money. More competition with know-how. More competition w/ money-making management discipline. These guys pushed us out of international and deep water. We just could not run with them. Now what... — read more
After 10 years with ConocoPhillips I'm reviewing my transferable skills.
After 10 years with ConocoPhillips I'm reviewing my transferable skills and wondering what is next. Shall I move to India for a job in telemarketing, or should I stay put and be a Wal-Mart greeter? I'm thinking I'll be discriminated against, for... — read more
Anyone have comments on.....
I am wondering if perhaps COP is struggling more than other oil companies (seems like it at least) because this is the first real down turn they are going through as an upstream vs an integrated oil company. Could it be that in downturns past the... — read more
As soon as SJBU sells Bartlesville is next!
As we begin to get rid of our non-core less profitable assets going forward such as SJBU, etc., closing down Bartlesville will come into play. We will centralize all corporate services including engineering in Houston. Everyone will fit fine in to... — read more
Be realistic!
I have heard several people say they are not worried because the new company will "need" this or the new company will "need" that. Hilarious I tell you your right a company that has an extra 3 billion laying around to buy a company that isn't even... — read more
Weird
They stated 300 employees are scheduled to be retained by the buying company. We have less than 550 employees in San Juan so 53% of employees are kept and 47% get the boot huh...wow what happen to our main cheerleaders predictions of 85% if big... — read more
We have less than 550 empl San Juan 55% of employees are kept and 45 get the boot huh...wow what happen to our main cheerleaders predictions of
They stated 300 employees are scheduled to be retained by the buying company. We have less than 550 employees in San Juan so 53% of employees are kept and 47% get the boot huh...wow what happen to our main cheerleaders predictions of 85% if big... — read more