Thread regarding Pioneer Natural Resources Co. layoffs

Merging with OXY & COP?

Why would PXD want to merge with OXY and take on their mountain of debt? Also talks of a merger with COP as a third as well

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Post ID: @OP+1aZAoy0J

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Pxd is buying DVN to diversify and not have to travel too far.

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Post ID: @4wee+1aZAoy0J

I noticed that Pioneer is actually hiring several different disciplines. I suspect that if they were merging with anyone they would not be hiring. Especially if it was ConocoPhillips who is talking about laying off a bunch of folks in Houston, or Oxy who is being sued by their shareholders for the insanely priced Anadarko acquisition in which they paid $5 billion to Chevron just for the privilege over overpaying for Anadarko. I do not work at Pioneer, but I have worked at several other large independents, including ConocoPhillips, and there are always rumors flying around.

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Post ID: @1pvl+1aZAoy0J

$32 per share valuation for OXY. The assets are worth three times that at $65 oil. COP or PXD are getting a steal

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Post ID: @qpa+1aZAoy0J

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