By backing up the truck and buying a sh*tload of shares in the smarter company…
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We are 15% right now
Do not forget VH said she will sell for the right price!
It will be a great buy for someone when the war is over and oil prices( and stock prices) retreat. When that happens many shareholders would sell out for 5 dollars above the price at that time.
For the reserves and LCV business. Most employees would not be retained. Oxy has a pretty nice LCV story and Chevron and some others are not as far along in that area.
Only if they lost their minds…
Why would chevron touch a company like Oxy?
Chevron and OXY would not merge. Chevron could easily acquire OXY, but it would be an acquisition, not a merger.
Buffet just bought a ton of Chevron as well. I read a few articles that said he would not take Oxy private now. But would it be something if Chevron and Oxy merged. I heard Buffet really believes in VH.