Does anyone know what assets are up for sale soon? Heard the Anadarko is on the chopping block.
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looks like somebody has an axe to grind with Wall Street. As if it's investors' collective fault that Devon management is driving Devon down the toilet.
It wouldn't be worse. Finance guys might be insanely misguided when it comes to oil and gas but they're good at recognizing value and growth. A smart exec would have the mentality of "we are going to run a smart business and attract investors who want to ride the wave." Most of them these days think that kowtowing to Wall Street will result in success, which has proved to be wrong. In fact it's put a lot of companies in dire straits.
Current trend: appease and do whatever the street wants you to do. And then get hammered by the street anyway. I wonder what the valuation might look like in comparison if the company were run in the best way to maximize growth and value despite what the street says... couldn’t be a much worse valuation.
Of course it is, regardless of whether or not you can actually make money there. Wall Street wants to see money go towards oil projects with an absurd amount of locations, like a manufacturing plant. And since execs these days don't have the gall to stand up to the Street and run the company the way they want, you can be assured that any assets not fitting the aforementioned criteria WILL be sold.