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GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
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re: OXY buying APC for 57B
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.


barry
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
47000 posts

re: OXY buying APC for 57B
Got us an old fashion bidding war boys.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
57709 posts

re: OXY buying APC for 57B
Love it. Vicki flexing.
Chevron, you're up.


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21
ragincajun03
LA-Lafayette Fan
Energy Capital of the World, TX
Member since Nov 2007
11686 posts

re: OXY buying APC for 57B
Warren Buffett now throwing in with Oxy.

Vicki Hollub soon to become Queen of the Permian?


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
57709 posts

re: OXY buying APC for 57B
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.


ragincajun03
LA-Lafayette Fan
Energy Capital of the World, TX
Member since Nov 2007
11686 posts

re: OXY buying APC for 57B
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.


GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
12953 posts
 Online 

re: OXY buying APC for 57B
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.


barry
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
47000 posts

re: OXY buying APC for 57B
quote:

Warren Buffett now throwing in with Oxy.


Can i get in on this 8% dividend?


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
57709 posts

re: OXY buying APC for 57B
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).


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lsugradman
USA Fan
Sumatra, Indonesia
Member since Sep 2003
6884 posts
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re: OXY buying APC for 57B
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.


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GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
12953 posts
 Online 

re: OXY buying APC for 57B
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 at 11:11 am


polizei11
LSU Fan
Houston
Member since May 2009
1068 posts

re: OXY buying APC for 57B
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.


lsugradman
USA Fan
Sumatra, Indonesia
Member since Sep 2003
6884 posts
 Online 

re: OXY buying APC for 57B
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.


lsugradman
USA Fan
Sumatra, Indonesia
Member since Sep 2003
6884 posts
 Online 

re: OXY buying APC for 57B
Lucius and Ceasar Tonga - Constitution would be kept for sure. Maybe Heidelberg, Holstein and Horn Mountain as well.


The Egg
LSU Fan
Houston, TX
Member since Dec 2004
72525 posts
 Online 

re: OXY buying APC for 57B
- 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


TigerV
Member since Feb 2007
1427 posts

re: OXY buying APC for 57B
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.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
57709 posts

re: OXY buying APC for 57B
Flifhtaware strikes again

Hollub is not playing around. Impressive.
This post was edited on 5/5 at 4:58 pm


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20
castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
57709 posts

re: OXY buying APC for 57B
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.



The Egg
LSU Fan
Houston, TX
Member since Dec 2004
72525 posts
 Online 

re: OXY buying APC for 57B
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.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
57709 posts

re: OXY buying APC for 57B
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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