Just like at APC. We hit $110 a share and then went into freefall. Wound up floundering in the $40's till we were bought. Our debt wasn't the same but if VH keeps paying it down as a focus, you will start looking attractive for someone who wants part of your assets. A 20% premium barely gets you over $50. Sad...
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Oxy is going to be gone. Uncle Warren has had enough of VH’s poor performance.
And at the same time the CEO gets rewarded and the stockholders get sc--wed. This company has a very low bar for performance.
Oxy operates like a corporate black hole—swallowing companies whole, only to watch their acquired value vanish within a few short years. This pattern has led to widespread job losses in the thousands. Sooner or later, the karma of their actions will catch up with them.
Why would you spread your toxic cancer to a great company like Devon? Though I guess you already did that to Anadarko.
Well now. As the debt comes down we will just have to look for something else to buy. Devon here we come.