Thread regarding Chevron Corp. layoffs

Occidental Takeover?

At what price does Chevron purchase Occidental? Occidental market value has now fallen below the Anadarko purchase price, excluding debt.
Occidental and Anadarko's combined assets must be worth at least as much as Anadarko's assets alone, including debt.

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Post ID: @OP+12e8VRn8

10 replies (most recent on top)

Enterprise value = equity + debt. We can not evaluate looking at just equity. Multiple people commented the same at Chevron, as the Oxy stock price continues to slide, but that is only half of the story and not enough to make a decision.

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Post ID: @azdc+12e8VRn8

Chevron is currently in reorg mode, looking to shave expenses and personnel. We won’t be looking at an Oxy takeover at this time, not since Oxy shot themselves in the foot, for lack of a more appropriate word. They have too much debt, which makes acquiring the company a bad move right now.

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Post ID: @7uji+12e8VRn8

Oxy has way to much debt for Chevron to even consider taking over. Additionally much of what Chevron seen value in is now gone apart from some Delaware Basin acreage

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Post ID: @7tbd+12e8VRn8

Pro forms OXY is trading at an EV/EBIDAX. That's very rich. No way somebody takes a run at them. They were a better value before their APC bid.

For reference. Many Delaware basin producers are trading at 4x EV/EBIDAX

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Post ID: @5gdr+12e8VRn8

If we take over a company it wont be occidentally.

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Post ID: @5qnl+12e8VRn8

I agree - $30/share or so should make it palatable to a buyer. Probably not Chevron, of course.

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Post ID: @5nwn+12e8VRn8

The Anadarko deal messed everything up for Chevron. The CEO had planned to cut at least 4000 people and he was going to use the merger as the reason. Now, he just has 4000 heads he needs to cut.

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Post ID: @4fzj+12e8VRn8

I am not superstitious but seriously this stock can make u disappear in 6 months time.
A giant black hole,...........may the force be with you.

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Post ID: @1iff+12e8VRn8

Under $30 per share would be ok if they haven’t sold everything of value by then.

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Post ID: @bet+12e8VRn8

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