Thread regarding Occidental Petroleum Corp. layoffs

Occidental to sell some Permian basin assets for $508 million

https://www.reuters.com/business/occidental-sell-some-permian-basin-acreage-508-mln-2021-06-10/

by
| 2581 views | | 5 replies (last June 15, 2021) | Reply
Post ID: @OP+1bhrrb4b

5 replies (most recent on top)

Sounds like what Oxy stockholders did. Bought high and sold low.

by
| | Reply
Post ID: @5fdb+1bhrrb4b

The North Dakota tactic. Spend $1.6B and sell for $600MM. Best company ever.

by
| | Reply
Post ID: @5unk+1bhrrb4b

buy high, sell low. Perfect strategy

by
| | Reply
Post ID: @1oky+1bhrrb4b

Yeah dude, this is public information. What do you want a fu---n cookie.

by
| | Reply
Post ID: @1hgx+1bhrrb4b

10,000 boepd from 360 wells. Does anyone have any insight on this? I’m guessing this is some legacy vertical well production

by
| | Reply
Post ID: @1pjf+1bhrrb4b

Post a reply

: