Oxy is now going to be your new boss. Get ready for some major 'synergies', aka layoffs. This board will get real busy in the near future.
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CVX had to give up in part due to the ethical issues with the APC CEO. CVX basically gave the CEO $$$$ to SELL the company to them, a lot of under the table deals went on between those two CEO’s. And came out in the media when OXY exposed these two! MW did not want to take the chance of not seeing outside a courtroom for the rest of his life. He’s all hat and no cattle with the reasons he gave for not putting in a higher bid.
Lol, this was planned. APC needed better terms from OXY and OXY wasn’t giving. So, looks to me like APC went to CVX and asked “Hey, want to make a quick $1B?” Make a bid, make OXY better their bid, walk away with $1B of OXY money. APC people happy, CVX people happy, BH happy, OXY pays. Now, is VH REALLY that smart to do this deal ... looks to me like she just got snookered. Who knows, part of the plan could be to let OXY financials squirm and CVX, or another, scoops them up in a few years.
Chevron gave up when the stakes were raised and the real value was put on! Chevron was hoping for sleeping beauty but guess what came out! If it was a snake...bite marks shown a few weeks ago. Anadarko let Chevron showed its colors...only if your are cheap and stupid we buy you.
Yay!! Hurry up and get it done!
Either way that was going to happen