What do we know so far about takeover rumors? Is it realistic to expect Sinopec to roll in and take us over? How about other domestic big guys?
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Sorry not town hall, meant birthday lunch
He stated in the Town Hall today that they are not looking at buying another company nor putting us on the market. But in the same breath he said me are getting rid of onshore assets.
Example of company buying another ladened with debt but good holdings so relevant regardless of time sounds like.
What's with the comment regarding APC or KMG? That acquisition was TEN years ago. Stay relevant.
Are you describing Anadarko or Kerr McGee?
Think about it this way. In this market, why would a company buy out another company that is in debt and losing significant money each quarter and has near term interest to pay on long term debt. The purchasing company would have to pick up the remaining debt tab and pay the short term interest tab. Or they could wait until the company declared bankruptcy and has to liquidate their assest for pennies on the dollar. Which in this market is a real possibility especially if we sit at these prices for another year