https://seekingalpha.com/article/4072304-exxon-take-swing-conocophillips
9 replies (most recent on top)
Seriously - why would XOM bother. It is investing in its own projects and assets with far better economic returns than buying COP. What ongoing/legacy/growth assets does COP have that would interest anyone to launch a merger or takeover? Canada - no. UK - oh please. Indonesia - worthless by 2023? Australia - no. USA/Alaska - yes. Rest of World - no.
However - Now that COP's share price has cratered even further, now at $42/share, there is an emerging case for someone to come in and sweep it up - once COP has paid down its debt and closed on all its asset sales.
So if that happens by EOY, and COP's share price is less than $40, things could get interesting.
Be ready and happy to get Layoff in next around. If not, you will not get severence pakage
FAKE NEWS. not good. Very sad. #Russia
Oh no, this would be awful for Bartlesville unless Exon decided to make Bartlesville their head office.
nothing left in canada except surmont and the berry...
Who is willing to buy the mess that surmont is...
Who will buy Canadian asset?
Exxon could make a move on Conoco and pick up some choice assets in the Eagle Ford, Permian Basin, Alaska, and the Middle East.
See no reason why XOM could not propose to shareholders of each company a merger based on market capitalization (85 pct XOM & 15 pct COP). Non-cash transaction w/ no dilution or premium. Very clean and equitable arrangement.
There are other potential companies: Chevron, BP, Total, Shell
As stated in the article, the COP shareholders have lost confidence in COP leadership (ELT) and the BOD. It is necessary that there be a change in the COP ELT and BOD.
so can you...there wont be anything left at the rate we going
The title of the article literally says why Exxon "could" purchase CPC.