and that merger will not happen, but according to Murphy's law - anything that can go wrong will go wrong. More than ever it is time to prepare an exit plan.
How big of a cut would happen? I can only imagine....
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I hope so. Lay me off, give me a decent severance package, and I’ll be thankful I never have to read another utterly brain dead email from that d-mb bi--h VH ever again.
Goldman upgraded OXY from neutral to buy. There is nothing more to it than that. There is no merger.
Post from TheLayoff.com
Please stop getting my hopes up like this unless you REALY know something.
Goldman is brokering the deal.
Oxy merger value would be around $60 not $32 if stupid Vicki had not done the APC acquisition.
Here is the crazy part that I go back to each time. For example Oxy and Conoco were about the same market cap before the Anadarko merger. Oxy gained a lot of good inventory, but at a high cost in debt. Role forward from May 2019 to now and Oxy has a market cap of 23.7 billion while Conoco seats at 75 billion. I remember one CEO telling us we were going to be the largest independent out there, but now our market cap is below Conoco, EOG, PXD, etc. Our market cap plus debt would put us at an enterprise value of around 70 billion. So if acquiring Anadarko was going to make us the biggest independent that failed. I feel like the company might have the inventory to cover a 70 billion enterprise value if someone wanted to merge.
Always remember anyone talking about it doesn’t know anything, and anyone who knows anything isn’t talking about it.
A merger is the only way I see Oxy surviving in the future. With all the debt and the next oil price war around the corner this company can't survive alone.
This is O&G. Get use to it. Always be prepared. Remember everyone knows everything these days. What a joke. But everyone is replaceable.
Just rumors. Part of being in this business. You can’t let them get to you. The longer you’re in the biz more you’ll hear them. And when it does happen it won’t be the rumor you heard, it will be something you didn’t hear about. Pay attention but don’t stress or change your plans.
You really think there are no layoffs at Oxy. Please google “Oxy layoffs” . You will see articles from the 80s, 90s, and beyond talking about huge ruthless layoffs. It is just under VH that you were misled to believe there are no layoffs. The younger generation has been spared from this and I hope that continues. Major layoffs are no fun and disrupt many lives. They used to say , “you will get severance, a 5+5 package, and outplacement services”. The packages they give now are much better than this. So for the young people please be aware you have it better than the previous generations that had to survive this mistreatment.
Rumor has no teeth. Someone is posting this same stuff on other O&G co layoff sites and just working to stir up a mess.
There are no layoffs at OXY! Oxy is the best.
If the rumor had any truth to it, Oxy stock would have ticked up more than usual today. Nothing to see here.
Take a guess. 10%? But They should be cutting this much now but they did a class act by keeping everyone through COVID. Don’t count on such nice treatment after things get back to normal. Over the past year the company has changed and the workers have changed too. There are bound to be many misfits now compared to a year ago. Maybe another VSP is order.