Amadarlp os sitting on a ton of cash, get ready boys - we are worth zero right now...
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Yes very stupid post. Default and Restructuring is likely by 2017 at these prices.
Anadarko cut their dividends. They are not going to buy anything.
At this point, a buyer is most likely to bid in a Chapter 11 bankruptcy 363 asset sale, free and clear of any past liens or indebtedness. Why buy the company now when you have to assume all this debt? Would you buy a house that's underwater on its mortgage if you had to assume the mortgage as well? Absolutely not. You'd wait for it to be repo'd by the bank and the debt written off and you could buy the home without any past liens or mortgage encumbering the house.
The stock market value does not mean the company has no value. The stock market is rarely rational.
Anadarko isn't buying a thing. They are hoarding until things starts to improve.
Maybe they want Dougie back!
They just laid off half of the corporate staff, so much for buying anyone
Turd sitting on a ton of turds, get ready turds - we are worth turds right now...