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DS and company made their $$. It’s really all they cared about. Shareholders be dammed!
Noble stockholders got screwed. Only a 7.5 % premium. And Chevron made out very well. The 15 tcf or so of dry gas in Israel and Cyprus (net to Noble) alone would justify a higher price.
"....got it so cheap they couldn’t say no."
Chevron's going to regret that and soon.
Noble was cheaper than Oxy for sure
Noble was definitely “fire sale”. Lots of analysts out there saying NBL stockholders got jobbed.
yes Oxy is stupid enough, don't underestimate their incompetence. Rich Uncle Warren wouldnt loan them the money this time
OXY wouldn’t be stupid enough to buy Noble. I don’t know what Chevron is thinking. Except that basically Noble was a fire sale.... got it so cheap they couldn’t say no.