Moody's Investors Service downgraded the debt rating of U.S. oil and gas producer Occidental Petroleum Corp to “junk” status in March of this year.
I can't think of a better word to describe Oxy and its employees than this. Anything else more accurate would be blocked on this website
Company is junk
VH ignored all the warning signals and advice and even circumvented the common stockholders - Stupid VH
It is hard to believe a company would take on so much debt to buy an entire company of the same size. A better strategy would have been to take it slow and easy and buy individual properties or smaller companies. It is like sitting down at a blackjack table and putting all of your money on one hand.
We once had nice AA rating. That was during Chazen. That’s the difference
You do realize APC had junk status for years right?