A friend working in G&G told me the books have been opened to Pertamina
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Is the sale going to go through or is VH serious about making this a core asset ? How can she afford to do this? What is she going to have to sell instead of Algeria?
Ghana is not going to plug the gap and she sold Mozambique to cheap
GOM?
Normally rebuilding and redeveloping oil fields is what Oxy is attracted to. Maybe the terms can be renegotiated and additional partners can be brought in to spread the risk.
Algeria gets less valuable every day as the clock runs down on the licences
Old facilities that need a bunch of investment - Not what Oxy want to get involved in
Oman would be a tough asset to get rid of because of the significant future potential and strong ties the company has to the country and the people of Oman.
The core assets is a red herring
Its up for sale as is everything else in the LOXY portfolio if the price is right
Alternative will be Chapter 11 as the debt burden is going to drag the company down
Vicki cant sell a glass of water in the desert. She holds on to these assets like they are her little babies.
Pertamina has said in a recent article they want Algeria, Ghana and Oman for $6B. They will not buy Oman and Ghana alone for $4B, contrary to popular belief.
The ‘core assets’ was a leverage move, I hope they sell it all and pay down debt. But it won’t happen it’s too logical.
How much does a country go for?
LOL if you're friend knows, shouldn't you be asking your source? Noone in here knows. Stop spreading your friend's lies. Oxy is definitely full of lemmings.
That can’t be. We were told it is a core asset.
When?