Occidental Petroleum (OXY) -2.5% in Monday's trading as J.P. Morgan downgraded shares to Underweight from Neutral with a $44 price target, cut from $51, citing relative valuation and the company's above-average balance sheet leverage given a cautious stance on crude oil fundamentals.
7 replies (most recent on top)
Are you saying an Oxy-Devon merger is a possibility?
Doubled the size of the company (not sure what metric you're using) and the value, as measured by market cap, decreased by 25%.
That's not how it's supposed to work.
She spent 58 billion dollars and turned Oxy toxic. That must be some tasty Kool Aid you are drinking. What can Oxy boast about? APC knew that their Permian assets were marginal at best. As soon as the Midland office was opened, there was huge buyers remorse. Oxy didn't do due diligence and you really have nothing to show for it. Enjoy keeping your job.
She double the size of the company, without massive layoffs. Prevented Oxy of being bought and all you guys would be without a job by now.
With her “nice” nature, she will be on boards for elderly care centers and daycares. lol.
She will take her $90 million dollar package and sit on corporate boards... She won't care what anyone thinks about her tenure... Great job if you can get it.
Vicki Hollub’s legacy is a failure. She took over with the stock in the 70s and leaves it near 40. Wall Street will remember her as a disastrous CEO.