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re: Occidental in Talks to Buy Permian Driller CrownRock
Posted on 11/30/23 at 5:18 pm to LCrox
Posted on 11/30/23 at 5:18 pm to LCrox
quote:
high interest loan
CoC on this transaction will be back breaking if they’re using debt. Idk anything about it but if they are every investor needs to dump that shite and run. The service expense will be brutal.
1
Posted on 11/30/23 at 5:41 pm to billjamin
I recall Buffett loaned her $10 billion at like 7% interest when she could have gotten the money cheaper. In the beginning Oxy couldn’t pay Buffett one interest in cash so they gave him Oxy shares instead. It’s been a few years since the deal happened but this is what I remember. The Buffett deal infuriated Carl Icahn that he began effort to get seats on Oxy Board.
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