Thread regarding Occidental Petroleum Corp. layoffs

Berkshire Hathaway Acquisition

Will BH buy Oxy? What would change for us?

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Post ID: @OP+1hs6smuI

10 replies (most recent on top)

Almost owns 20% now at right around 18.7%. There is still speculation he will buy all of Oxy, but at this point is just buying cheap since an estimated buyout stock price is in the 80's. He is getting it at a discount now buying on the open market.

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Post ID: @babj+1hs6smuI

Since Buffet is in his 90's maybe I could keep working into my 70's.

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Post ID: @6kgt+1hs6smuI

A good hatchet person is required. They need to start soliciting resumes for this now. They could get someone internally but they may have too many in house friends for the process to be effective.

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Post ID: @5jcu+1hs6smuI

It might be nice to have him in control. Buffet and BH already are the largest player in the company. I think if he gets even more shares his influence is going to be felt more on the day to day. He seems like a decent person and would probably help us more than hurt us. I could see large staff reductions and a selloff of some assets, but the man is very smart when it comes to investing and those left standing at Oxy should have it good going forward.

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Post ID: @4ggi+1hs6smuI

Acquisitions ALWAYS bring change. APC/KMG merger forced the new company to sell many low/moderate impact projects. I am sure there is low hanging fruit at OXY that will bring good money in this environment. Usually what comes from this is a leaner more focused company that returns maximum shareholder value. Employee right sizing is the downside. Seen this too many time in the 40 years I was in the biz. Good luck!

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Post ID: @3cxt+1hs6smuI

Fewer fatalities and less bigotry? Would be a start.

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Post ID: @2zli+1hs6smuI

The organization would be much leaner. Why do you need so many layers of management?

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Post ID: @2llk+1hs6smuI

If Oxy were owned by BH, employee benefits and pay would be worse off. BH is not a charity and he’d want that return on investment and dividend.

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Post ID: @2uui+1hs6smuI

Probably would not change much. Guy is a hands off owner for the most part and he believes in VH for whatever reason.

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Post ID: @ltb+1hs6smuI

That depends on whether it will be private or remain a public company. If private then watch for many changes in the flow of money and the amount of micromanagement. In either case you can possibly look for a break up into parts that can be sold to the highest bidder.

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Post ID: @sej+1hs6smuI

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