That's the first word that comes to mind when I think about Oxy... Can't find the hydrocarbons...only buy them. If Buffet didn't step in, where would you be now?
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@9ces+1u5LkTsE, uh…what does that mean?
Freedom trumps low oil prices every time.
@4ath+1u5LkTsE, I take it you are part of someone’s campaign. What do we want? HIGHER GAS PRICES! When do we want it? Now!
Higher Prices = More Freedom! What joy!
We need to Jack oil prices up by sanctioning India and every other country buying Russian oil. This US govt is two faced. We stand for freedom and justice for people yet we want low oil prices. By the way drill baby drill will hurt companies like Oxy.
If you work for Oxy you don't want to be bought out by Chevron. They are going full steam ahead with moving jobs to the new facility they are building in India. If you are older and ready or about ready to retire it might be good, but if you are young or mid-career Oxy staying in business is our best bet. The industry is shrinking very fast as far as places to work at. If the new corp tax rates go into affect with a new admin Oxy might start looking for cheap labor in India as well. If I am not mistaken some of that already goes on.
You are correct in the strategy of taking on debt to lower the chances of getting bought. The shareholders should be all over this in order to correct this approach. Carl Icahn should get involved again.
That’s Oxy’s strategy. Buy something and take on enough debt to be unattractive for a takeover. They were a takeover candidate in 2019 and we bought Anadarko as a poison pill. Now they are doing it again with CrownRock.
I doubt it if Chevron wants Oxy now with all the debt.
I'm sitting with Oxy stock today that is worth less than when I received them in 2019... How can any shareholder be pleased with this?? I'm waiting for Chevron to put you out of your misery and pay enough premium to move on... Made over 100% ROR on NVDA this year without trying... There are better places to invest money (unless you are WB and getting preferred treatment).
Too many shares concentrated in hands of so few can have this effect on stock price. And the. And, the Credit rating of the bonds can accelerate yields on debt payments. Buffett debt trapped these tards. Chevron gets what it wants in the end. CVX already relocating to Texas and cleared seats for the coming takeover
Someone has made lots of money from this company and it hasn’t been the stockholders.
Oxys market cap in 2017 was $52bn. The market cap today is around $52bn after adding production from Anadarko and Crownrock. How is that possible? Too much leverage? How has leadership not been piped and fired?