Devon needs additional reserves and production that it would never achieve through the drill bit. In fact, it advertised 20-30 year drilling runway is closer to 6 years. Hence the hook up with Coterra. How will this merger play out? Layoff and... — read more
Welp
New CEO= no wfh,subpar bonus, less than inflation salary increase, AI psychosis and the most toxic work environment in the metro. Is Continental hiring?
Accounting ERP
What system do you use? Asking for a friend. SAP?
Another merger of equals coming?
If you work for Coterra, RUN, take that package, the merger of equals moniker is anything but. You’ll just sit there for a few months until the Devon trogs find a way to save their own necks and axe you instead.
If anyone from the mgmt is reading this, here it goes:
take a closer look at the culture within the office.... The environment described feels isolating and unwelcoming and that discourages collaboration comms and long term emp retention... If employees are too overworked to engage with one another the... — read more
Shout out to DVN on Jim Cramer
Lightning round! “Devon has been such a poor performer…It’s really been a nightmare frankly.” You reap what you sow.
Houston Office Layoffs
Devon is slowly axing departments in the small Houston Office after the GME Acquisition. Which department will be next? Or will the entire office be closed?
Business Optimization Plan
Read: time to dust off those resumes because you about to be in the work line.
A tale of two cities
RM takes over and gives everyone a $10k bonus. CG steps into the role and takes away wfh. The only incentive to not apply elsewhere is gone now
For sale!
Actively accepting offers! Deeply discounted all assets priced to move!
When are layoffs happening?
It's becoming more and more obvious that Devon will shrink... When do we expect layoffs to start?
Rick Leaving Should Fix Everything
Start wearing shades.
Technical malfeasance
Ego-driven design: Elevating our "cool idea" over the needs of actual customers, often with the platitude "the customers will love it." No, they won't. And furthermore, the cool idea isn’t actually cool, nor does it work.
Exit interviews
Does any real action come from these, or are they simply some “we listen to you” check-the-box activity to help hr and leaders feel better about themselves?
The annual truffle shuffle
The land group doing the old truffle shuffle of leadership just in time to sc--w the individual contributors of the meaningful performance review or promotion they worked for all year. Well done.
MERGE???
I hear today at one of our meetings in OKC that we looking into buy Permian resources out of midland tx. Any thoughts? Are they even worth to buy or merge?
Ohhhhh look out!
Mr. Podcast is back on tour again! Probably to tout the innovative GME acquisition. But what happens when they all see what a complete nightmare it is to be part of the dvn organization and instead take their packages.
The market does NOT like this name.
Maybe the next merger of equals should prompt a name change. 9/10 analysts agree!
Here’s looking at you, kid
Watching a company slowly but steadily implode. Here's why: Many of the key leaders under the execs are a toxic cancer cell with delusions of grandeur and a history of abusing people, but coddled because ?? Mission creep. In too many things. ... — read more
Poor management decisions in the Permian!
New changes are having so many experience people leaving this company that it will hurt. Just because the wrong people are in power, The expectation of making a better company to work for ends down the toilet!! All this diversity bs and buddy system... — read more
Considerations for the company
Exit interviews in toxic workplaces such as Devon are a sham. They mask the rot instead of fixing it. Think about it. Employees leaving are either too scared to tell the truth or too disillusioned to believe their feedback will matter. The worst... — read more
TAKE. THE. PACKAGE.
Do yourself a favor and take the money and run. If you are given a choice, choose to exit with the cash and your life will be better for it. We know you are better than us, we saw it with WPX. All we will do is protect our jobs and push you to the... — read more
Remember,
If your voice held no power, they wouldn’t try to silence you.
Sad But True
https://www.reuters.com/markets/deals/how-devon-energy-missed-out-us-oil-gas-mega-deal-wave-2024-06-06/
Offer
Who is next on the list for a bid?
M&A
At least the softball stadium is named after us
Food for thought
If you are a data management professional, I want you to ask yourself: how easy is it for your customers to answer questions they have? If I am a customer, how easy is it for me to get the information I want? how well is it communicated between... — read more
Maybe
Just maybe, if we focused more on returning cash to the shareholders, instead of building more and more namesake monuments to the glory of Devon, our stock wouldn’t be in the toilet. Since our high over a year ago, it’s been one dividend slash after... — read more
Know Your Audience
Mr. Podcast on the move again! Glad they realized he’s only worth the B circuit. When will anyone tell him he has no clothes?
DM Job Description is Hilariously Misleading
The current opening for a data management professional has me laughing so hard at the posting, because if you were to read each portion in opposite land, you’d have the true nature of the job. But it’s all smoke and mirrors and written by the same... — read more
Where are we now?
Limerick about a company in oklahoma city that spent so much time and money building a ugly green office building that looked like a phallic symbol that they went under. There once was a firm from OKC, Whose building design caused a spree. With... — read more
Devon good times coming to a end.
Just wanted to remind you that the good times are coming to an end. save save save save
Ohh nooooo
IT does such a terrible job at their ONE job, that groups are now posting positions to handle things themselves. Mr podcast and his queen must be throwing a FIT. How dare they supplant us?! Haha
Always the bridesmaid, never the bride
What’s that 3 times losing out? Marathon, crownrock, enerplus. I’m afraid there are few fellow companies to buy to keep us afloat anymore.
Here we go again, timed perfectly to dominate the earnings miss?
How do you sell the idea that this reverse merger corrects the issues of the previous failures?
Latest predictions ahead of earnings call
Doesn’t look good atm. Predictions are $1.39 per share earnings, which would be a year-over-year decline of 16.27%. Latest revenue estimate is $3.87 billion, almost 10% down from the prior year Q. Guess we have to wait till 27th, but I wonder what... — read more