Merge with pioneer and eog. This would be better, too much debt grabbing oxy. The only reason to grab oxy would be to scare anybody from acquiring cop. Don’t want to go into a low cost bbl holding that kind of debt.
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COP SKS
A takeover, like with Concho makes sense. We wanted Anadarko’s acreage 2 years ago and had plans to purchase, prune, and high grade. The timing is right to revisit those plans now that Oxy hasn’t been able to make a go of it.
10 billion owed to buffet at 8% , no thanks
A merger would be bad but an acquisition might not be the poison pill that most think it is. 😲
It might be possible to acquire, not merge, with OXY then sell pieces of it off to pay debt and most of acquisition cost while retaining many strategic and lucrative properties. OXY management is in process of doing this now why not another company taking over and completing it?