Down over 5% to $39 and change. Looking good to clear out useless office space. That means you.
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I am not very sharp at finance, or, really, capitalism. I don't get the whole thing. I thought the mantra now was 'maximize shareholder value' and return on investment. Oxy went into huge debt, and is now selling off assets - to - 'focus on core areas?" - but what Anadarko assets are they going to keep? And for how long will investors stick with a dropping share price?
Ok, it is now at $38.55 and the dividend is over 8% at this price.
You know that if (I mean when) the dividend is cut, the stock will take a serious hit, right? If you're a shareholder, you may come out ahead if Oxy doesn't cut the dividend. As an employee, well, that's another story, and you want them to cut away.
The price is now below $39, down almost 3%. Where will it finally stop? There is growing concern that the dividend will be cut.
Now down over $1, almost 3%. I have your severance papers ready for you. This will be fun. I am waiting for you. Yes, you.
Down again around 80 cents, 2%. When will the dividend be cut?
Vicki Hollub says it is critically important for the company to cut debt. Just state the obvious. This purchase of Anadarko will be very useful for many masters and PhD research papers for undergraduate and graduate students for years to come. Way to go Oxy.
Oxy stock was $68.37 on April 2 of this year. At least you will have a nice write off for your Federal taxes.
Love it. What is most telling of all is that people at Oxy, given their track record and bigotry, put on this face like they deserve any better than what they are getting. You reap what you sow, people.
Please give me my COC; I am so ready....
Don’t want to be party of this circus!