Author Topic: CVE - Cenovus Energy  (Read 5651 times)

Gilp

  • Newbie
  • *
  • Posts: 40
Re: CVE - Cenovus Energy
« Reply #10 on: February 26, 2018, 05:17:45 AM »
The thesis looks interesting from a value based view, I've started doing some research and one of the red flags I've encountered is the reviews on glassdoor:

https://www.glassdoor.com/Reviews/Cenovus-Reviews-E354451.htm?sort.sortType=RD&sort.ascending=false&filter.employmentStatus=REGULAR&filter.employmentStatus=PART_TIME&filter.employmentStatus=UNKNOWN

Almost all the recent reviews are negative, they mention very low employee morale, missmanagement, political and clique style environment, horrible HR department. Yes the company suffered a lot and lots of oil&gas employees suffered during the downturn, but I've took a look at several other o&g companies and the reviews are much better.

It's a big question if the new management can fix this.

Other than that looks promising.