Cenovus...

[roopi]

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They are saying $400M open savings upon consolidation. Translate that to number of jobs at whatever salary you like. Goodbye, real estate.

The C$1.2 billion in savings comprise C$600 million from reduced capital spending and C$600 million in corporate and operating cost cuts, including job reductions.

[ragu]

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The C$1.2 billion in savings comprise C$600 million from reduced capital spending and C$600 million in corporate and operating cost cuts, including job reductions.

Yup. I took 2/3 of that second category.

[Xtrema]

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Yup. I took 2/3 of that second category.

Average of $150k per job, looking at 2667 positions. In line with other estimated in the other thread.

[ExtraSlow]

There's a lot of ways to estimate that, but the estimates seem to converge on the same range.

[nzwasp]

Market for CVE shares down 13% on opening.

[killramos]

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Market for CVE shares down 13% on opening.

Quelle Surprise

[Disoblige]

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Quelle Surprise

Never forget Conoco...

[flipstah]

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Average of $150k per job, looking at 2667 positions. In line with other estimated in the other thread.

Damn, all that OG money

[ExtraSlow]

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Damn, all that OG money

Well, a job costs the company about 2x what the salary is, so that's avg of $75k.

[Xtrema]

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Damn, all that OG money

That's the amount I was told to use to put in project cost for employee time 13 years ago at a major (actually we used a value that works out to be $185K/year). Sounds like a lot but once you figure out what they were getting paid + days off + all the overhead cost for an employee, it makes sense. Back in 2007, the only one getting paid <$90K in total compensation are new grads at this major.

I also included a 15% discount which I assume attrition and 2 downturns would have pull down averages from 13 years ago. 2007 was peak OG, you couldn't hold onto anyone without throwing money at them.

[nzwasp]

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Well, a job costs the company about 2x what the salary is, so that's avg of $75k.

I think your average is too low. I bet everyone is making close to or over 100K at cenovus. EIT are at high 80s these days are they not?

[npham]

There are lots of people who are not making 100k at Cenovus. From the admins, misc support - IT, HR, DC/IM, accounting, etc. staff. I don't think that the 75k average is too far off.

[kertejud2]

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$100M to rebrand to a dumber name. Book it. E5.

Cenovsky? Huskovus? Chuskovusy?

Can't go wrong.

[roopi]

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Cenovsky? Huskovus? Chuskovusy?

Can't go wrong.

Ovintiv 2?

[killramos]

Why has no one asked if you are all students or something yet?

[Xtrema]

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Cenovsky?

Too Polish.

[Disoblige]

New branding should be a dabbing Husky to align with the times.

[Xtrema]

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New branding should be a dabbing Husky to align with the times.

approved, but also very 2019.

[JfuckinC]

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New branding should be a dabbing Husky to align with the times.

like smoking a dab?

[Darkane]

I’m sure it’ll be better than Stellantis.

So where is the opportunity in this. Will there be a flood of homes in the 600-800k?

I mean between suncor and cenovsky (4500 projected lay offs), would 5% of those people have expensive homes needing to sell?

Could be an offload of 250 homes in that price range. Of course this is rough Marth.