https://www.reuters.com/business/energy/occidental-agrees-sell-two-ghana-assets-750-mln-2021-10-13/
11 replies (most recent on top)
I like pie and cake.
This makes no sense. What is your point? Hopefully you don’t work for the company.
If you look at the deal on a flowing metric $750 million / 22,000 bbls/day you get $34,000 per flowing barrel equivalent.
Multiply that $34,000 by our 1 million boe/day production and the implied net asset value by flowing metric is $34 billion, that’s about our debt load without Buffets $10 billion preferred.
Not much left for equity…..
Whether something is core vs non-core depends on the price the market will pay. Algeria could go either way.
Do you understand what core and non-core assets are? If you don’t then don’t flaunt your inferior knowledge on this topic.
What are you talking about? Ghana assets were always gonna be sold. So what's your point? It's a good thing they finally reached a deal.
@sbb, if you don’t like it here, leave. I’m sure you are too good for us and can get a higher paying job somewhere else.
Somebody cares enough to monitor this site...
Nobody cares….
Whatever. You have to go with the flow.
We should change our name to the MicroNano Petroleum Corporation since our "core business" seems to focus on rocks in that permeability range.
"At Oxy, thinking small comes naturally."