With all of the latest moves does it seem like MW is just packaging us up for sale?
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Chevron being bought or a meager with a large Oil Company will never pass muster. However, breaking the company up into pieces is a viable and likely great solution for the near term.
Break it up and sell to many buyers? Maybe. Sell it whole to Exxon or other? Will never happen.
Think of all the money he’ll make from a merger or a sale and you’ll have your answer.
Big industry merger highly likely in not so distant future. XOM, BP or SHEL - maybe international. M&A's occuring now and next year or two are postures to attain U.S. regulatory approval(s). Big consolidation of energy secor is inevitable. MKW is the undertow that is pulling workforce to Houston to help make it possible. Eyes wide open folks!
As a stockholder I believe Wirth should sell. He is maturing the company from a major to a minor player with ruthless efficiency. Grow with Geologists, monetize with subsurface engineers, Hold with finance and sell with down streamers.
Agreed. He’s probably worried about an activist investor stepping in and removing his chairmanship. Look at what almost happened at XOM. Democrats in the DOJ would never sign off on a CVX takeover
MW isn’t focused on protecting anything but MW. By sc--wing up leadership succession, he got the mandatory retirement age waived. Think about that….having a succession plan is part of his job. Don’t do it and you get to stay on.
More likely he's trying to protect the company from hostile board action. Either kicking him out or some other large shakeup.
too big and strategic importance to America
hard sell
Merger with ONGC makes a lot of sense.
Takeover by XOM probably only way to right this ship
To Exxon?
The question is whether or not we remain an integrated oil company or sell off the high cost downstream side of the business.
Never
Nope.
El segundo, richmond and sjv
Well the negative goodwill would probably help with tax.