mark this to see how long it comes true : )
16 replies (most recent on top)
A stock deal doesn't require cash, however that would require 1) ConocoPhillips shareholders to value the acquirers stock more than CoP (easy), 2) the acquirers shareholders to buy in to the premise that rising oil prices will pay for the deal premium (debateable) and the dilution of their stock with ConocoPhillips stock (more difficult). I would say this is unlikely as there are higher performing pure shale players that are better targets.
If you can't even spell Chevron right I think it's safe to say you know nothing.
The world would collapse if the ELT no longer ran ConocoPhillips. Just ask these "leaders"...
and the band played on...
This would be fantastic. We'd be rid of the worthless executive team, and we could clean the house of all crony butt sniffers.
After COP's first round of layoffs and announced asset sales I asked our leader if we were setting ourselves up to be sold. You could hear a pin drop, and the response was an emphatic "no." Well, I really have to wonder now. You KNOW the executives would certainly get a large payout if this were to occur.
https://www.google.ca/amp/s/seekingalpha.com/amp/article/4072304-exxon-take-swing-conocophillips
Well now.... that seeking alpha article makes my ExCon post look a little clairvoyant, eh?
Or maybe.... I know something....
-Rex
Wow must have some brilliant people that have seen Cheverons balance sheets. I have a pretty good idea what department that came from. Probably the same one that can't seem to get their own sh-- together. They trip over a dollar to save a dime. Most likely the same person that is always on a power trip and trying to impress us by telling us how smart he is day in and day out. Damn the arrogance within this company is astonishing.
ExCon... looking more likely
https://seekingalpha.com/article/4072304-exxon-take-swing-conocophillips
It was Jim Mulva's long running ambition to buy Chevron for many years so this would be a very sad day for hiim. That said, cash was always the problem and Chevron doesn't have the balance sheet to raise the capital, despite CoP's recent $10bn debt reduction.
Exxon-Conoco?
ExCon?
They would but too much debt will come with the cadaver. May be after selling more assets to cover the debt... and cover Ryan's $100,000,000.00 and other expenses.
Ron and Phil's
You can bet they'd drop the ConocoPhillips name entirely.
It would be a really good play for Chevron, but do they have the Cash on hand to buy it...
It use to be Chevron/Texaco and they have dropped Texaco in it's name, that should make a lot of people happy they could drop ConocoPhillips...
Seems like that is what is happening, COP is looking for a buyer...