On the Chesapeake board, someone suggested MRO is going to be the new boss? Any validity to this claim? Seems like itd be a merger rather than acquisition.
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Great ideal from an id--t board member…yeah take the 2 worst oil and gas companies in the industry and merge them to make an even worse oil and gas company…makes sense to me.
Look at the news...Exxon just announced more layoffs and so did Halliburton. This news is just today. If you think layoffs are over because oil hit $50 then you are dumber than the board keeping Lee, Pat and K Hill. All we can hope is they cut from the top this time
Copied over from another thread
Oh yeah, we're real snipers. LT has said multiple times now that we're sticking with our current assets because an acquisition at this point wouldn't be value accretive. WTF???
If we couldn't find a deal at $30 oil, it's doubtful the brain trust on 41 is cooking up a real game changer at this point. The vultures are circling us :(
Only an id–t would buy the whole company when you can just pick off the assets you like either now or on the courthouse steps when it's auctioned off.
Hopefully not CHK, but we do need to make a move. I'm afraid we missed our chance though. We can always dream of the one that got away (DVN).
There's no truth to this rumor.
Seems like a deal MRO Corporate Development would love! Much bigger waste of cash than even Payrock was!
Merging small c-ap with bankrupt c-ap can only produce a larger pile of c-ap. Not to say it won’t happen, though.