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re: Time to buy some XOM(Oil stock discussions)?

Posted on 10/16/14 at 5:23 pm to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/16/14 at 5:23 pm to
Selling to who?
Posted by C-Bear
A Texas Tiger
Member since May 2005
817 posts
Posted on 10/16/14 at 6:23 pm to
Not comfortable divulging that info. Have heard one company mentioned for as many as three, and another one for Atlantis. Scuttlebutt is they desire to sell controlling interests to get out of OPS in the GoM. Have not heard mention of the drilling side being affected. Ironic, since it was the drilling side that got them into this mess. Two dates have been mentioned, 11/15 and 12/15. Don't know if that is to announce layoffs and/or asset sales. Certainly, anyone can confirm, deny, or add to what I've mentioned.
This post was edited on 10/16/14 at 8:09 pm
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