https://www.marketwatch.com/story/california-resources-could-file-for-bankruptcy-this-weekend–wsj-2020-06-08?siteid=yhoof2&yptr=yahoo
4 replies (most recent on top)
Not tied up...just playing the game. It’s just good business. Right? They seem to think so...good ol BODs’. Oxy’s piss poor management...gets...ha!! Whatever is left...go fish.
Famous words of J. Willington Wimpy . "I will pay you back in 2024 for many hamburgers today Popeye".
OXY is not next. You folks seem to misunderstand that you can be a zombie $hitco for a longggg time.
"We feel that oil prices are coming back to >$50 in the next year or so. We'll have the cash at that time. Please let us pay you back in 2024 at a little higher interest rate." - Oxy CFO
"Okay, I believe you" - Banker
OXY is next.