This is a frank question.
Arguably, this madness composed of non stop hits just cannot continue forever.
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We may get a break through 202-2024 as oil prices remain elevated due to global draw downs, demand return and supply shortfalls. The cenovus leadership team is going to lay themselves on a job well done for creating great revenues and ebits, due to temporary inflated pricing.
However it’ll all come crashing down, somewhere in 2025-2027 time frame. And these dumb a– cenovus leaders will have failed to plan for the future and be drilling and planning as is
Never pick a different industry. They have more perks and better now just like the oil industry did years ago
Here is your frank answer:
1) $100 or greater WTI price
2) Trudeau out of office
3) US Democrats losing the presidency, house & senate
4) pipeline to Texas
5) pipeline to the west coast
6) covid lockdowns ceasing globally, small businesses being FULLY open and travel fully open up again
Satisfy all those points and I guarantee you that all Alberta oil & gas companies would be back on a hiring spree including Cenovus
Well never. Layoffs been going on since 2012 and no end in site.
They won’t stop this year until they hit their 20-25% headcount target; it’s part of the corporate score metric to get their full bonus amount.
They don’t care about employee satisfaction, company morale or the mental health of their employees.
My only satisfaction will be watching HR take a well-deserved massive cut this round.
Never, you will be fired as required to make room for buddy's and family
The layoffs stop when they getcha. Buckle up.
Yes I Agee, but it will, please look up the Peter Principle Theory and it will explain a lot!!!!!