When will the Noble Energy Assets sale in Equatorial Guinea be completed?
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It is obvious by the people Chevron have so far sent to EG that they are not serious about keeping it. God willing only a matter of time.
If you read carefully the remarks from the last investor event, it is clear EG was going to be put up for sale.
DJ is pumping out cash and has deep expertise. Go look at the cash flow and break-even analysis v other assets. Smart move would be to grow that business, not exit it.
Noble deal was a Med deal. That's it. Everything else will go.
EG and DJ need to go to more efficient operators. Not a good fit in the portfolio.
EG and DJ need to go to more efficient operators. Not a good fit in the portfolio.
@2pjf, Problem is there’s no delirious buyers out there. Irrational Exuberance is over until 2024.
When the last Guinea leaves
DJ will follow soon. Time to exit Cali east. Terrible political environment.
High prices are the best time to sell non-core businesses to delirious bidders.
Isn't the business highly profitable in this high price environment? Why would it still be on the chopping block?
In another couple weeks, but you didn't hear it from me.