Let's vote here. Upvote = Yes, Chevron should buy OXY. Downvote = No, Chevron should not buy OXY
10 replies (most recent on top)
If cvx buys out, they need to dump Oxy Mgt as they led us down the same road when amoco sold out.
Keep cvx Mgt. No big packages for old Oxy Mgt They done got their belly full.
YES to Chevron..... good at what they do; can provide a better future for the younger employees in the long run;
Who cares is CVX gets Oxy for the cheap. The shareholders will be then be CVX shareholders and better off and so will the employees.
CVX wanted the entire lot and the upside was Mozambique. There is now little to no upside on the deal with only real downside present with $50B in debt. No chance, we either make this work or we go down with the ship. Vicki has led us down this wild path. I’m blessed to have a CoC for the next 2.45years.
For the right price, sure "someone" would buy OXY; not only Chevron. The issue is the price. Not really up the the CEO anymore. A suitor could go directly to the independent board members, and Carl and Warren and make an offer. For a stock deal, CVX could easily offer 1 CVX for 2 OXY and probably make it work, but their Board might not agree to that. So perhaps 1 for 3. Not out of the question, but either way, like in the recent Forbes article Vicki is toast.
No I don’t want anyone to buy us, OXY does a better job of EOR than CVX, done now mostly by PHd’s. I know from other people. CVX would just ruin EOR and our surveillance operations. We are better.
NO. People at CVX are unhappy and hate the CEO Wirth
A big NGH, at least for now. NGH = Never Gonna Happen
It will never happen despite price, far too much debt to even consider. Oil and gas industry will shrink just as it did in the 1980’s when everyone dumped their capital into commercial real estate. Most investors won’t touch commercial real estate today not to mention Carl Icahn is shorting it and holding a big position. I would count on a slow recovery in oil and gas the only exception would be substantial rise in oil prices which nobody is predicting in the near future. War would be the only exception. Russia and Saudis will allow this to play out as oil continues to fall.
Not sure I want anybody to buy us. Chevron will get us on the cheap and with our stock so low those who own it will have a hard time making anything. Say they buy us for a 100% premium at 24.00 a share. Many own stock that was bought much higher. It is almost better to try and wait out the virus and oil prices before selling on the cheap just to get executives a big payday.