ConocoPhillips and PXD are both in talks to merge with us! $32 per share value all stock being discussed. Finally some job security (if you do your job!)
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Load of BS.
Please be true, that big ole COC will be amazing
The body count will be high. You’re looking at combining 3 companies: COP, Concho, and Oxy/Anadarko in under 12 months of it happens as quick as the conchoco thing happened. Whole lotta excess baggage to be offloaded.
lol .. job security? half the employees will be laid off if this is merger is to happen.
Pxd here. Wtf?
ConocoPhillips will purchase, gut, and sell assets. It’s what they do (speaking as a COP employee, I’ve seen it before). Best bet is to start planning your exit now. COP is imploding. You don’t want to be anywhere near it.
Why would anyone merge with Oxy with all the debt? Maybe Oxy would sale a BU or two.
Where are you getting this info? Sounds like BS to me.