Thread regarding Occidental Petroleum Corp. layoffs

Oxy for sale?

https://finance.yahoo.com/news/berkshire-buys-more-occidental-shares-042631213.html

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| 2048 views | | 11 replies (last )
Post ID: @OP+1gALEKv8

11 replies (most recent on top)

Actually, the debt is going down real fast. In a few years it will be an attractive target for a takeover. Let’s hope a takeover is not in our future.

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Post ID: @bbny+1gALEKv8

Nope, poison pilled worked. Now Oxy is too big to swallow (including debt)

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Post ID: @bhpd+1gALEKv8

They were absent on the day this was discussed back in grade school. I, missed the day, where proper use of commas were taught.

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Post ID: @3rbb+1gALEKv8

Why would a reputable and professional Operator in Oil and Gas want a company like Oxy? You wouldn't want that kind of toxic bigotry absorbed in to a real oil company. Stop trying to act like you are anything close to them.

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Post ID: @3pwc+1gALEKv8

See below. Close enough for me. The debt in billions is in the 20's and add the preferred stock and you are in the 30's. In our case the debt is a large component of the enterprise value compared to companies like Conoco and Chevron.

The formula to calculate EV would be;

Enterprise Value = market value of common stock or market cap + market value of preferred shares + total debt (including long and short-term debt) + minority interest – total cash and cash equivalents.

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Post ID: @1kyc+1gALEKv8

Please educate us on how you get debt from market cap and enterprise value, whatever that is? Most people have no clue what you are talking about.

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Post ID: @1oov+1gALEKv8

Still way to high debt for someone to buy us in my thinking. We have a 94 billion enterprise value and a 58 billion market cap. That is still a hefty amount of debt. Compared to Conoco with an enterprise value of around 140 billion and a market cap of 133 billion. I would not be surprised if he exercises the warrants he holds for another 89 million shares at 59.62 to get an even higher stake. Most analyst think he won't take Oxy private after he bought more of Chevron, but you never know. Plus, he holds the preferred stock he got when he loaned Oxy the money for the Anadarko purchase.

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Post ID: @1rqr+1gALEKv8

It’s not for sale. Warren is just shooting for a higher return. Apparently 8% is not good enough.

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Post ID: @ppb+1gALEKv8

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