Oxy registered a new S-3ASR today also known as a shelf registration. This means they are intending to sell some form of security at an unmentioned future date. Also unknown is the type of security. Could be stock, debt, warrants, and so forth. May also be tied to starting share repurchases.
Thoughts from the community?
Sure, it’s that simple. First acquire 15-20% of a company and then just “merge them” with another company. You’re a corporate genius.
@set+1i0L6TiF He could probably just keep buying the stock until he acquires what he needs. Maybe merge us with Chevron at that point. I think there might be some history with VH and Chevron, but if Buffett pays her off it would not surprise me if Chevron would listen to an offer especially as we pay our debt down and up our investment grade.
It will be compensation for families of Oxy employees.
It doesn’t mean anything. It is just a tool to make it easy to sell securities in the future when conditions are favorable without asking specific permission from the SEC for each sale.
The change of control, for legacy Anadarko, deadline is approaching!! Aug 8th, I believe. Maybe they are going to sell to Warren Buffett? Thoughts?