Sounds like a match made in heaven. One company eager to sell and another slobbering all over to get in. But since Chevron doesn’t have a team of clever negotiators, I bet you 10 to 1 odds Chevron bungles the deal and overpays big time. Maybe even ends up having to perform unexpected repairs and upgrades because they won’t adequately inspect the facility or make sure all the appropriate records are in hand before complete the purchase. I’m not kidding. Chevron has put themselves in this mess a few times before.
This is a post that was originally a reply to another thread, but I think that @VS2MBVO-gsa pointed out some valid questions. Although I don’t agree with the last part of the post since I highly doubt that Chevron isn't aware of the condition that these assets are in, or that the refinery operations are limited at the moment, it is very possible that, in its eagerness to acquire these assets and in that way round up its West Texas operations, it’s a strong possibility that Chevron will end up overpaying for PRSI.