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re: OXY buying APC for 57B

Posted on 5/15/19 at 10:59 pm to
Posted by GREENHEAD22
Member since Nov 2009
19595 posts
Posted on 5/15/19 at 10:59 pm to
Even that is on the low end I would think.

I can see OXY having to put together 2-3 deals to unload all the GOM assets.
Posted by Enfuego
Uptown
Member since Mar 2009
9882 posts
Posted on 5/17/19 at 10:31 am to
Also look for OXY to sell APC's stake in Western Midstream (WES). APC owns 55% of WES common stock (implied $7.6B based on $13.9B market cap).



Posted by GREENHEAD22
Member since Nov 2009
19595 posts
Posted on 5/17/19 at 12:05 pm to
I thought that the pipelines in West Texas were one of the key targets besides the permian assets themselves?
Posted by ragincajun03
Member since Nov 2007
21227 posts
Posted on 6/5/19 at 4:01 pm to
quote:

I thought that the pipelines in West Texas were one of the key targets besides the permian assets themselves?


Maybe...but Oxy had a midstream company in Centurion and sold that off, which included various gather to market lines in New Mexico and W Texas, as well as Oklahoma and other non-operated areas.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30571 posts
Posted on 6/5/19 at 4:24 pm to
Oxy is taking huge hits right now. Keeps hitting new lows
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 6/5/19 at 5:03 pm to
Moar women in Energy! Equal opportunity capital destruction!
Posted by GREENHEAD22
Member since Nov 2009
19595 posts
Posted on 6/6/19 at 10:09 am to
Yea I should have just taken the money and run. I could really use a little chaos and production loss in the middle east.
Posted by castorinho
13623 posts
Member since Nov 2010
82026 posts
Posted on 3/13/20 at 10:08 am to
Things are getting even more heated up with Icahn and Hollub

Oh and OXy's market cap is now 11B
Posted by JumpingTheShark
America
Member since Nov 2012
22900 posts
Posted on 3/13/20 at 12:22 pm to
Do I need to be buying in to Oxy now
Posted by bayoubengals88
LA
Member since Sep 2007
18916 posts
Posted on 3/13/20 at 12:29 pm to
quote:

Do I need to be buying in to Oxy now

I bought last Friday at $28. Worked out pretty well for me
Posted by JDPndahizzy
JDP
Member since Nov 2013
6437 posts
Posted on 3/13/20 at 12:34 pm to
quote:

I bought last Friday at $28. Worked out pretty well for me


It's at $12 today.... right?
Posted by Chef Free Gold Bloom
Wherever I’m needed
Member since Dec 2019
1364 posts
Posted on 3/13/20 at 12:36 pm to
quote:

bought last Friday at $28. Worked out pretty well for me


Posted by bayoubengals88
LA
Member since Sep 2007
18916 posts
Posted on 3/13/20 at 12:41 pm to
quote:

It's at $12 today.... right?

Yeah. I can only joke about that kind of loss right?
Posted by JDPndahizzy
JDP
Member since Nov 2013
6437 posts
Posted on 3/13/20 at 12:43 pm to
quote:

Yeah. I can only joke about that kind of loss right?

I know the feeling...
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