One less great company with a value proposition and an amazing corporate culture to be bought out…
13 replies (most recent on top)
DB employee here, while neither option is great, I’d much rather XOM buy us than COP.
@s1 look at the market cap. COP’s market cap is $115 billion, while FANG’s is $40 billion. Exxon’s market cap, meanwhile, is nearly $500 billion. Math-wise, it would be difficult for COP to acquire FAANG without taking on significant debt. If it could happen, it likely becomes a merger and maybe a retirement package for Ryan while having ~30-40% worker reduction. Rational employee wouldn’t be excited about that, unless they plan to take a big bonus or golden parachute. Whereas for Exxon, acquiring FANG would be almost just nothing for them.
@eg no that's not what I heard. I thought I heard COP was going to fist FANG...? That's what I heard from 3 people
I don’t think you’re for the take down
@eg sounds provocative!
COP is going to eat out Diamondback
Don't for a moment think that COP and everyone else hasn't also been in talks.
@ba trust what?
Trust me bro.
ConocoPhillips wanted a pure play runway…that would be Diamondback…the board wanted some Africa, and international exposure…guess COP was poorly advised
You posted on the wrong layoff site.
K
Source?