Why didn’t VH have Q&A at her townhall. Seems like something is brewing. Surely she knew people would ask about the VSP and layoffs.
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In my opinion, OXY's trajectory is now terminal, with a buyout offer being announced sometime in H1-2026. Why?
a. OPC has slimmed down, by selling midstream assets to EPD (Enterprise Products). That was announced in September. They Oxychem sale was announced in early October. They are tidying up their operations to make OPC as close as possible to a "pure pay" bolt on by a supermajor (probably XOM, but maybe CVX).
b. The Oxychem sale should close in December. I believe the Enterprise Product acquisition has already closed.
c. Warren B is leaving Berkshire on 12/31/25. His successor, Greg Abel, probably wants NOTHING to do with this mistake that the Sage made (investing in OPC). Likely discussions have been underway earlier in 2025 between Berkshire with possible suitors. The buyer has already been identified -- and that prospective buyer told Berkshire that in order to make a purchase of "ru-p Oxy" attractive, OPC would need to streamline the company with the assets sales. OK, that's been done...
d. The "fix is in", in my opinion, for a sale of OPC. There may or may not be further layoffs before the offer for the company is made. But even if there are not, once OPC is acquired, the legacy OPC corporate staff will mostly be identified as 'redundant', and eventually involuntarily separated from the merged company. (that is just standard practice in these kind of events)
e. While I have been bearish on the stock even prior to the 304 being made CEO, I am betting some of my 'chips' on a buyout in H1 2026. Per a 2024 Barrons article the special warrants held by Berkshire has a strike price of $59.62, exerciseable after the pfds are paid off. If that is true, than Berkshire probably wants an offer for OPC at $60/share.
Might as well try to make a profit from the sale. You know that the 304 will make a tidy profit....
What the 304 did to OPC should be criminal.
@v8. Hope you don’t work for Oxy.
@t0 pretty sure WB is Warren Buffet…. Not Warner Brothers. Maybe you were tongue & cheek? Very subtle if do.
@sz WB is Warner Bros. We are competing with Netflix and Paramount... if you don't know WB, you are either not Oxy or very new to trading Oxy stock...
Never mind….
@dj who is WB?
I think Vicki took the VSP. She wanted us all to get to know Richard Jackson before she leaves December 18.
What about a sale to WB early next year.
I think he was introduced because it is getting closer to when he will be CEO. With that in mind there is probably a re-org coming soon with all the VSP senior people leaving. I agree 100% that something is in the works and will be announced soon.
Had to be another reason. The “questions” as well as the “answers “ are made up and carefully worded.