Does anyone know whatt is XOM selling to finance the Puoneer purchase? That kind of money just isn't lying around.
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Canadian upstream assets. Kearl? Cold Lake? 25% stake in Sycrude?
@wyd+1p32sXJ2 most accurate response here! That is the largest part of their entire portfolio! Selling out their American employees!
All stock transaction will create dilution effect so would create a drag on XOM stock. We will then use our cash position to buyback some of the outstanding stocks to help compensate.
Some large PXD shareholders likely would trade their newly acquired XOM direct to XOM treasury.
Bakken. Parts have already been sold off.
They are diluting the shareholders.
It's loyal employees of 20 years. Durwood is selling them, piping them, firing them. That is what XOM's selling.
For those who this this is a troll post you have obviously never heard of high grading your portfolio and assets competing for capital. EM will divest an asset within a year of close of PXD
If this is trolling - well played. You got me all worked up.
I'd assume any half-literate adult would understand the difference between a cash and a stock purchase, at least enough to not ask a question like that.
08801 Clinton = High cost location, will help with Pioneer
Joliet
Your soul
U sir r troll frum BTC
Read the news dummy. Buying pioneer with stock, not cash. You should be PIP’d. Now run along dummy.
Not much left to sell any way. If it needs to be sold it will be on the corporates time and they will get what they want from the sell.
It is just lying around. It's just a fancy form of stock buyback.
Where'd that come from?
It's been years (2) since we borrowed money to pay the dividend.
If you read any of the news articles, it’s an all stock transaction.
Maybe there is a kids news or picture book website somewhere you could refer to
Marcellus