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Started By
Message
Apache Corporation Takeover Thread. Update 11/13 Apache being investigated.
Posted on 11/9/15 at 10:31 am
Posted on 11/9/15 at 10:31 am
I'm thinking BP or XOM.
I was off. It seems to be Anadarko which is quite suprising. Didn't know they had that kind of money.
LINK
Apache investigation
So now what? I'm ignorant as to what this really even means. Does this have any legs or is it pretty standard?
I was off. It seems to be Anadarko which is quite suprising. Didn't know they had that kind of money.
LINK
Apache investigation
So now what? I'm ignorant as to what this really even means. Does this have any legs or is it pretty standard?
This post was edited on 11/13/15 at 8:14 am
6
Posted on 11/9/15 at 11:17 am to Evolve
Rumor I saw elsewhere was CVX, although it seems unlikely to me considering their recent actions and the issues they face with Gorgon/Wheatstone.
This post was edited on 11/9/15 at 11:19 am
Posted on 11/9/15 at 11:21 am to Evolve
I don't see it being BP. Tillerson has hinted that they have plenty of cash on hand for an aquistion just wouldn't have thought Apache.
Posted on 11/9/15 at 11:26 am to GREENHEAD22
I think the key is its got to be someone that wants to get into the Permian. That's Apache's key position.
Posted on 11/9/15 at 12:25 pm to Evolve
Exactly right
Posted on 11/9/15 at 10:18 pm to Evolve
(no message)
This post was edited on 11/10/15 at 7:53 am
Posted on 11/10/15 at 6:59 am to wutangfinancial
That merger happened in 2010. 
Posted on 11/10/15 at 11:04 am to Evolve
Conoco would be my guess based on recent strategy shifts.
Posted on 11/10/15 at 11:04 am to Evolve
my bad I read the 11/10 date and did not see the year 
Posted on 11/10/15 at 11:17 am to david4991
Conoco is in the process of getting out of all offshore including deep water. Don't see them buying apache just to turn around and sell half it's assets off in this market.
Posted on 11/10/15 at 12:04 pm to GREENHEAD22
Anadarko approached Apache about a takeover offer. I'll make that my guess for now.
Posted on 11/10/15 at 12:14 pm to GREENHEAD22
Apache has been doing the same:
Apache August Investor Presentation
Conoco's stated strategy shift plays right into the majority of Apache's assets - mostly NA, very little Europe/North Sea and other (Egypt)
ConocoPhillips Investor Overview Nov-2015
EDIT: Guess not
Apache August Investor Presentation
Conoco's stated strategy shift plays right into the majority of Apache's assets - mostly NA, very little Europe/North Sea and other (Egypt)
ConocoPhillips Investor Overview Nov-2015
EDIT: Guess not
This post was edited on 11/10/15 at 12:39 pm
Posted on 11/10/15 at 12:46 pm to david4991
quote:
Guess not
It was a lovely presentation though
Posted on 11/11/15 at 8:30 am to Evolve
Anadarko has withdrawn their offer. It's not them anymore.
Posted on 11/11/15 at 11:27 am to Evolve
Even if they have pulled the offer, Anadarko stock is now basically at a 5-yr low. I'm assuming they will survive the downturn and rise afterwards as oil rebounds. Any reasons the stock is not a good buy right now?
Posted on 11/11/15 at 3:50 pm to Bayou Tiger
I would put them on the shelf for a little longer.
Posted on 11/13/15 at 8:14 am to GREENHEAD22
Updated
Posted on 11/13/15 at 10:18 am to Evolve
quote:
breached their fiduciary duties to stockholders
They turned the offer down and refused to negotiate. I'm sure some shareholders want to know what premium Anadarko is willing to pay
Posted on 11/13/15 at 10:54 am to Evolve
quote:
Does this have any legs or is it pretty standard?
This is pretty standard anytime a deal is made or not made, someone will bitch and the law firms will hunt down some people to make a claim.
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