How long will Devon Energy have to post the Financial Analyst job reporting to JP, aka Mr. CFA? This job has been repeatedly posted on Devon job board and LinkedIn for over a year now. Answer: Forever. No one wants to work under this person... — read more
Devon Energy Historical Stock Returns - Arithmetic Average, Excluding Dividends
25 year return: 106.86% 20 year return: -10.54% 15 year return: -54.51% 10 year return: -66.29% 5 year return: -63.99% 1 year return: -20.03% YTD return: -15.78% S&P 500, 25 Year Return: 544.19% Congrats Devon Shareholders and... — read more
AP Lost 5 - When Will It Be Outsourced?
AP is pathetic. So many people laid off and on top of that people are starting to quit. They push automation down everyone's throats and everyone hates it. When will it be outsourced?
Stock price
I guess the BOD is content to just sit back and watch DH destroy this Co. He has sold off everything he can, and yet the stock price still languishes.
The Deal with Dow
This says it all. Devon squanders the big Trump tax cut buy paying off debt. Then they use proceeds from Barnett sale to buy back stock rather than invest in new opportunities. And they wonder why they can’t get funding to drill and the stock price... — read more
Layoffs This Wednesday (Rumor)
Layoffs are going down this Wednesday. I hope I get chosen! Good luck to everyone at The Reaping!
Where is Devon headed?
Can someone explain Devon's long-term strategy, please? I don't get it. Dying on the vine doesn't seem like a viable plan, but it sure seems like that's the company's direction. Maybe it will just buy back all its own stock and the board of... — read more
J.C Anderson would be rolling over.
What has become of such a great company. When JC sold to Devon, just like all of us he envisioned his Co. was in good hands. The Canadian portion sold for pennies on the dollar. I was a Devon loyalist, and if it was what was best for Devon then so be... — read more
One piece at a time
Slowly dismantling a great Co one piece at a time.
Devon deserves exactly what it is getting
having done business with CHK AND DEVON for decades and having been a long time oil producer in 8 states, my view is Devon has followed a similar path in operation style to CHK. Wasting money at every juncture, horrible high cost operations in the... — read more
Hedge Funds and Institutions Dumping Devon Stock
Follow the money. Chesapeake here we come. https://www.nasdaq.com/market-activity/stocks/dvn/institutional-holdings https://finance.yahoo.com/news/hedge-funds-selling-devon-energy-185559432.html "Heading into the third quarter of 2019, a... — read more
When will AP be outsourced?
This group could easily be outsourced and save the company several million a year. EASILY. I’ve heard everyone in AP wants out so it’s a win-win.
Barnett Sale
Anyone know when the Barnett Sale will close?
AP Rocks!
I’ve been in AP for several years and I LOVE it here!! I have had so many growth opportunities in AP and it really is the greatest, most rewarding group in the company! Every day I walk into work I am exhilarated for the new challenges! When... — read more
$19.80!?
Great googly moogly! If you're still there (and I seriously question why you would be), get out of there asap! Waiting for a severance package (and a Christmas bonus) ain't worth it!
Looks Like DH Hit The Gold Curve
I wonder if that means he’ll get extra gold for his parachute...
Hammer falling...
Later this week?
9 reports - CUTS
https://www.news9.com/story/41127292/devon-energy-announces-layoffs-at-its-okc-office
Will they still decorate for Christmas?
That’s the real question? Right? I love those ornaments they hang.
I Like This Site
I like to upvote every reply to all of the posts. It is just so much fun.
how many floors are vacant at the devon tower?
just curious. will they rent out the other floors?
Need to cut more
We are not sure why they only exited a paltry amount of people. Much more is needed and will absolutely happen in the future.
Accounting Layoffs over the Holidays?
Now that operations has been impacted, accounting should follow suit 2-3 months later. Christmas gift of freedom maybe?
New Vision 2020 Objective? Drive a once great company into the ground.
I would assume by now that DH has posted a heart-felt video saying how "difficult" this is for him. Makes you wonder how many takes it took for him to actually appear sincere. Fortunate for him, he did hire the best acting coach shareholder money can... — read more
Vision 2020 near complete
Don’t forget to put on your hard hats boys!!!
Next on the auction block...
CNRL got the assets for a song and a dance. Market realizes that and DVN stock flat/punished. Sad, went from a decent company to a POS. Next on the auction block, DVN Energy.
https://twitter.com/TheLayoff/status/1179049481716654080?s=20
https://twitter.com/TheLayoff/status/1179049481716654080?s=20
Layoffs are happening now!!!
Get excited folks. Anyone who gets a pink sheet today wins the lottery! May the odds be forever in your favor PS: Contractors are also not safe...
Tuesday? Wednesday? Thursday?
When’s it going down? Pull the trigger already.
Who will think of the poor VPs?
Wow, what a monumental announcement they just made. There’s likely to be hundreds of people laid off in the next month. And it now looks like a whopping 3 of them will be VP level or higher. It is a New Devon, after all. I just pray we can survive... — read more
Layoff Postponed for Devon Spooktacular
I know everyone is wondering why the layoff didn't happen yesterday. I have it on good authority that the Board wanted it pushed into October so it could be rolled into the Devon Spooktacular™ festivities. So use this reprieve to get your... — read more
Wisdom of T Boone
T Boone Pickens once said “If you’re not replacing your assets, you’re liquidating.” Smart man.
Keep on Dancing
Our company just spent two weeks dancing and making absolute fools of themselves. What happened to a professional work environment? Meanwhile Continental, EOG, ConocoPhillips, etc are working hard, growing, and creating value. I doubt they announce... — read more