Why are you trading so low when the limited amount of information trickling out of the quarterly presentations looks so good? Lots of happy Oxy geo staff this week mingling at the AAPG/SEG convention in Houston this week. Can't find oil except thu acquisitions and can't blame the low stock price on WTI. This is exactly what happened at APC and we all know how that ended... Keep your resumes up to date.
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Walker's problem was trusting his bobble head VP's and blowing two billion dollars on West Africa and Colombia exploration. Signed long term GOM deepwater drilling contracts just before Macondo. Was cheaper to drill dry holes in West Africa and Mozambique than to pay out the drilling contracts. Having sat in executive meetings and watched management promoted to leadership so fast and with little success to their names. Walker was a finance guy and relied on these people... Hope Vickie has better people around her.
As long as Vicki is CEO I doubt Oxy will ever be sold. She actually cares about the company and people unlike Al Walker did for Anadarko. Walker was the nail in the coffin for Anadarko.
Your sh-t is tired and old. Find new material.
Strike the “no”
Oxy will no keep the debt level high enough to avoid a takeover and still make enough money to stay alive.