There are rumors of banks being told not to mark energy loans to market on their books. Means things are a lot worse than expected in the entire sector. Go ahead, call me names and say I am this and that without doing your own research. But mark this... — read more
Free Fallin !!! O what fun it is to ride.
Yippie Yippie Skippie, the world won't end but you can bet it won't be a party. Devon is in panic mode, but don't worry they have a plan. They're going to let you go!! LMAO See ya later:). Jan 26 is the first day and more will follow. Folks in OT... — read more
Town Hall on Jan 20th, Layoff the next Friday.
It will happen. They'll make the announcement next week. They're are a lot of things going on behind the top floor office doors. IT will take the large cut , projects will stop unless they can save money this year. Don't count on bonuses and expect... — read more
didn't take it seriously
It appeared that the company didn't take $50 oil very seriously. Now that we are seeing $30 oil we are going to regret not acting faster. There are still many, many opportunies to reduce cost in the tower and in the field. Our competitors have... — read more
Where's Scooter?
Anyone seen or heard from Scooter?
This is a sad state of affairsal
Devon - I hate that the world is killing you and me along with it. The economy is like a cancer for the oil industry. Down down we go. Today almost all training was cut due to economic reasons. We all know the the hammer is going to fall. Its coming... — read more
New hire worries...
I'm a recent new hire and now I'm feeling like a total piece of crap for believing mgmt lies about a new turnaround. Should I be worried or not considering they just hired me? Or does that mean I'm safe? Freaking out right now.
The Mammoth Cometh and days of famine will endure for years until the righteous are elevated.
Devon pretenders don't know what to do. They have lived in the ivory tower too long. Economics will demand deep cuts. It's going to hurt. Many will be let go and salaries must be cut back to 2003 level. If you last it will be a rocky ride. You maybe... — read more
ummm Enron had new building, ummm Devon has new building
Maybe Devon can resize to fit in old building, donate new building, all company vehicles, and cell phones to state, state then allocates new building, vehicles and phones for low income housing which can be used for laid off employees, Devon gets a... — read more
Is HR supposed to be approachable or cold hearted? Kristina McLeland HR so called business partner in Calgary.
Probably the most unapproachable person I have ever met in my life. She doesn't even have the courage to face a employee or leader on a issue she would rather run up the org structure and complain to a director about another leader. Aka witch hunt... — read more
New Great Depression - Next Round Layoffs Jan 26th
The new Great Depression is here. There are no energy jobs left in Oklahoma, unemployment is rampant, and both of the top Oklahoma football teams played like panty-waist pussies in their bowl games. Throw in Tulsa's pathetic bowl game and you have a... — read more
Devon Leadership Toxic
Devon is too heavy with expensive, ignorant leadership. So far, The only answer has been layoff the staff? How about layoff the leadership that make bad decisions and don't understand the cost of their ridiculous demands.
Devon Leaderships are demanding that GA reduction
Calling all departments and IT. GA being cut. All employees/contractors on GA working on reports will be let go. Company wide ROI to be under 21%
Cobra
Anyone know if you can still keep health insurance for a while if you get let go and the price?
Outsourcing IT Dept???
I'm hearing rumors they may outsource most if not all of the IT dept. Is that true or just BS? Surely they couldn't outsource everything....wouldn't core groups have to stay?
kris goforth
Does she even know what she is doing? Is she qualified to be a VP?
2016 Layoffs
What is 2016 looking like? Did Devon mange to re-hedge at $50/bbl? How many more will Devon have to lay off to survive?
LTI
I was hired in 2015 and given LTI that don't vest for 2-4 years. What happens if I get laid off before they vest? Are they still mine? Didn't think about getting laid off as I was getting hired.
Prediction for Devon stock in next 3-6 months?
I am thinking this will touch $20 by end of Q1 2016 or before ...
2016 The Year Devon grew up
This will be the year everything at Devon changes. As oil prices drop and the stock price goes under $20 dollars - look for drastic changes in management. This will have to happen to make the shift in the stock price. New leadership from companies... — read more
Midland Business Unit Gone
The Midland Business Unit has been sold, or a significant portion of it. Thanks for nothing Andy Coolidge and Peter McDonald. Your fixation on one artificial lift method and inability to understand how to economically maintain base oil production... — read more
Billions of Barrels of Oil Vanish in a Puff of Accounting Smoke
http://www.bloomberg.com/news/articles/2015-12-10/billions-of-barrels-of-oil-vanish-in-a-puff-of-accounting-smoke
Devon's Outlook is Pretty BAD!! - Stocks will be under $15 by year end. WOW!
DVN's current earnings per share, an indicator of a company's profitability, is -$25.47. Zacks Investment Research reports DVN's forecasted earnings growth in 2015 as -49.15%, compared to an industry average of -26.4%. Read more:... — read more
Bad BAD MOVE - >> Devon going down.
Devon Stock was just starting to recover, and now it is going down like a rock. How will they get stock prices back up? Layoff. massive layoffs
Flash Back
The supervisor who was shot and killed at Trans-Coil International Thursday evening was gunned down in his office during a meeting with a disgruntled employee who then killed himself, Milwaukee Police Chief Ed Flynn said Friday. George Hites, 58, of... — read more
http://seekingalpha.com/news/2969656-devon-shale-grab-sparks-downgrade-warnings-from-s-and-p-moodys
Let's hope this move pays off. http://seekingalpha.com/news/2969656-devon-shale-grab-sparks-downgrade-warnings-from-s-and-p-moodys
Moral in IT Dept
I'm thinking about accepting an offer in the IT dept but wanted to get a better feel for overall moral in this dept first. My two interviews were depressing as hell and I got the sense no one likes working here anymore. What happened? This place used... — read more
Merry Christmas!
Life at Devon is Great! Take your doom and gloom somewhere else.
Devon Headed for Doom! - Thanks Davie
Will Devon Energy Acquire Felix Energy to Add More Oil? Is this really wise ?
Team Pumping
Is anyone else doing "team pumping" if so what do u think about it
IT and Accenture
Is Accenture still running Devon IT? While upper management called it cosourcing and all those buzz words, they seem to be running IT. Welcome to the new world!
Per EK4fKxws post, don't hold your breath on Mgt. cuts.
Granted, there's a significant group of inept (Boyd, Buchanan, etc.) amongst the mid/upper Mgt. but once you're in that 'elite club', you're basically set. Don't expect any real changes to the core.