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Message
re: OXY buying APC for 57B
Posted on 4/25/19 at 5:42 pm to bayoutiger225
Posted on 4/25/19 at 5:42 pm to bayoutiger225
So what is the boards thoughts on if OXY wins out? Originally I was going to hold and take the Chevron stock but thinking of just cashing out of OXYs offer is accepted.
Posted on 4/30/19 at 10:08 am to GREENHEAD22
Got us an old fashion bidding war boys.
Posted on 4/30/19 at 10:19 am to barry
Love it. Vicki flexing.
Chevron, you're up.
Chevron, you're up.
Posted on 4/30/19 at 10:21 am to barry
Warren Buffett now throwing in with Oxy.
Vicki Hollub soon to become Queen of the Permian?
Vicki Hollub soon to become Queen of the Permian?
Posted on 4/30/19 at 10:30 am to ragincajun03
How much does Chevron value the Mozambique thing? Because I'm looking at the acreage map and there's a lot of players that they could aquire there to improve their position in the Permian.
Posted on 4/30/19 at 11:13 am to castorinho
quote:
How much does Chevron value the Mozambique thing?
If they value it highly, would Oxy just turn around and try to sell that (and maybe GOM?) to Chevron? After all, Oxy has been consolidating acreage and investment into the Permian, especially after the last dip in prices in ‘14/‘15.
Posted on 4/30/19 at 11:40 am to ragincajun03
I would think oxy will sell off everything but the Permian assets. They will for sure the GOM stuff. Hell Chevron will sell off most of the GOM except for 2-3 facilities.
Posted on 4/30/19 at 1:41 pm to ragincajun03
quote:
Warren Buffett now throwing in with Oxy.
Can i get in on this 8% dividend?
Posted on 5/1/19 at 1:24 pm to barry
I didn't realize flightaware tracking was a thing in investing. Thought that was a football coaches search thing
.
Not that I'm surprised in the least, just never thought about it.
They had the oxy plane in Omaha before the Buffet a announcement. Now the plane went to Paris, and speculation is that they're already looking for potential suitors to offlaod the LNG project to (Total).
Not that I'm surprised in the least, just never thought about it.
They had the oxy plane in Omaha before the Buffet a announcement. Now the plane went to Paris, and speculation is that they're already looking for potential suitors to offlaod the LNG project to (Total).
Posted on 5/1/19 at 10:13 pm to GREENHEAD22
Not a chance. Combined APC and CVX would have 16 GOM facilities. They might SELL 2 or 3 down the road. No way they only keep 2-3.
Posted on 5/2/19 at 10:55 am to lsugradman
Well considering APC is in the process of pulling 4 out of the water and 2 others are near end of life and will require regulatory extension I will go out on a limb and say you are wrong. They will keep Lucius, Heidelberg and maybe Horn Hountain. They will sell some or all of Marlin, Holstein, and Constitution if I had to guess.
This post was edited on 5/2/19 at 11:11 am
Posted on 5/3/19 at 11:39 am to GREENHEAD22
60% of the Anadarko GoM portfolio is in Lucius, Caesar-Tonga (Constitution) and Horn Mountain. Anadarko has ~250 MM$ of abandonment liability over the next 5 years.
Chevron would definitely high grade their combined portfolio and divest most of the acquired assets. Oxy would either divest the entire GoM portfolio (which would over saturate the market of GoM assets for sale IMHO) or keep the APC GoM staff as is and continue APC's GoM strategy.
Chevron would definitely high grade their combined portfolio and divest most of the acquired assets. Oxy would either divest the entire GoM portfolio (which would over saturate the market of GoM assets for sale IMHO) or keep the APC GoM staff as is and continue APC's GoM strategy.
Posted on 5/5/19 at 7:38 am to GREENHEAD22
Sorry I thought you were saying that if Cvx acquires apc they will sell off all but 2-3 of their combined assets. I can definitely see them only keeping 3 or so of APC legacy assets.
Posted on 5/5/19 at 7:40 am to lsugradman
Lucius and Ceasar Tonga - Constitution would be kept for sure. Maybe Heidelberg, Holstein and Horn Mountain as well.
Posted on 5/5/19 at 4:27 pm to lsugradman
- Occidental Petroleum's deal with French oil giant Total is contingent on the former reaching an agreement to buy Anadarko Petroleum.
- Occidental is competing with Chevron, a much larger rival, to take over Anadarko.
-Occidental would sell Anadarko's assets in Algeria, Ghana, Mozambique and South Africa to Total.
LINK
- Occidental is competing with Chevron, a much larger rival, to take over Anadarko.
-Occidental would sell Anadarko's assets in Algeria, Ghana, Mozambique and South Africa to Total.
LINK
Posted on 5/5/19 at 4:41 pm to The Egg
This is huge news. They have now secured investor money and a buyer for the assets everyone knew that they would need to sell. It removes a lot of uncertainty that oxy has in the deal, and should make it easier for the anadarko board to take it.
Posted on 5/5/19 at 4:55 pm to The Egg
Flifhtaware strikes again
Hollub is not playing around. Impressive.
Hollub is not playing around. Impressive.
This post was edited on 5/5/19 at 4:58 pm
Posted on 5/6/19 at 6:34 am to TigerV
They've also upped the cash portion of the offer. OXY shareholders vote no longer required.

quote:
Occidental Chief Executive Vicki Hollub expressed frustration with Anadarko's board in a letter Sunday that suggested growing tension between the two companies.
"We remain perplexed at your apparent resistance to obtaining far more value for Anadarko shareholders which has been expressed clearly through our interactions over the last week," she wrote. Occidental also objected to demands by Anadarko for three board seats as part of a deal.
Posted on 5/6/19 at 8:22 am to castorinho
It's extremely impressive what Oxy has pulled together with Buffet and Total. They may not get their prize in the end, but Hollub really is pulling out all the stops here.
Posted on 5/6/19 at 8:33 am to The Egg
APC board to announce that they deem OXY's offer superior today, per report. Which starts the clock for CVX to respond within four days
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