Think there is a chance Chevron and Oxy will merge with Berkshire-Hatthaway being the top holder of stock in each company? It just seems like Warren Buffett might want this since his company has so much invested in both. It would not surprise me at all if he ends up buying the 50% of Oxy he was approved to buy.
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The fact that someone bought stock at the lowest point (intentionally or not) may say something about the purchaser, but doesn’t say anything about the company. You took a risk and it paid off
Almost going under is nothing to be proud of. Getting back up again to take a few steps is great, except when your peers are running.
@ehdv+1lAdZ6m6, the value of a company can’t be based on its lowest stock price compared to its current stock price. Neither can it be based on one poorly made decision to acquire another company. WB sees something in the company’s assets, business model, management, or any combination of these. None of us know his mind at this point. The future will show whether his decision to buy more stock is going to pan out in the long run. For those still relying on the company for a paycheck or for some other reason, let’s hope he is right.
@ehdv+1lAdZ6m6, you’re very fortunate if you only bought stock during those few months in 2020 when it was $9. However if you bought Oxy before APC, you might not feel so pretty or be so fortunate, and might wished you bought COP or CVX instead.
So the post about Oxy and its peers was factually correct and took no position on WB or what the future holds for Oxy. Why do you take issue with it?
@ajpu+1lAdZ6m6 Those of us who bought Oxy stock when it was $9 (myself included) are sitting pretty right now. The SP has a long term upward trajectory, obviously, Why do you think WB is sinking billions into the company? He's not the kind of guy to throw away money.
@ clsk+1lAdZ6m6, let me see if I understand you correctly. Employees receiving stock option don’t care about the stock price. Yes now I understand. You makes perfect sense.
The last post is confusing... All my time at APC... goals were aligned from the executive floor right down to the line worker. Shareholder value was always front and center. The kpi's that determined our renumeration reflected this. I will say when the process worked, I was very well remunerated.... also as an APC shareholder ( thru long term incentives) I was always very concerned about share price .
The employees, including management, don’t give a sh-t about the stock price. They are making a ton of money on bonuses and stock options. Don’t ever expect them to relate to common stock holders.
Compare Oxy’s stock price 5 years ago to today, and then look at the same comparison for any of its peers. Pretty sad.
@7mos+1lAdZ6m6
My shares are worth less today than 4 years ago before the Anadarko debacle.
So, Oxy hasn’t been making money? Go back under your rock.
Once Buffett takes over and takes the company private, Oxy can quit pi$$ing away money on CCS and trying to appease the woke crowd and go back to being an oil company and make money again.
Buffett bought more shares this past week to add to earlier shares he bought in March. At least he thinks Oxy is a good investment, and if you work at Oxy that is a good thing.
Don't count out XOM. They will make a big acquisition. OXY wouldn't be might first guess since i think their goals are bigger...but we will see. Lots of cash in the space and companies are not rewarded for spending on capital.
Chevron gets a second chance at the prize. Have one billion dollars from the first try…. Can acquire basically the same APC assets for less $$. I have Oxy stock… Let’s go!
Big oil(not Oxy) is flush with cash now and has extra money to spend. M &A seems like a great choice for that cash. With Oxy debt getting lower every quarter they may have to look for another poison pill debt load or else be acquired. None of us want the company to be acquired.
They would buy the reserves and the big assets in the Middle East and permian. Unlike the Anadarko purchase they would not keep many.
Chevron want nothing to do with a company like Oxy. Half their rejects ended up at Oxy. They aren't lowering themselves to that level, not at all.