Only a handful of Noble Eagle Ford employees were offered a Chervon position. Many are concerned Chevron will sell these assets. Anyone heard anything?
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The size of asset does not fit CVX portfolio, so there are two possible options that may happen either in short or mid term:
- Divest asset if the prices creep up and stay there
- Aquire complementary bolt on asset if it makes real money (less likely to happen this year)
If there is limited investment going into developing the asset option 1 is more likely to happen sooner.