Thread regarding ConocoPhillips layoffs

$7 billion budget for 2016.

Takeover target?

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Post ID: @OP+FafqYaf

4 replies (most recent on top)

Yes nobody is going to takeover COP, bankruptcy court will.

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Post ID: @3dqx+FafqYaf

nobody is going to takeover COP, relax

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Post ID: @2qzt+FafqYaf

Yes. Why invest more? Makes the balance sheet look better. Easier to value the company with fewer projects in the works. COP will be acquired in 2016.

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Post ID: @1rbz+FafqYaf

Wait for the fire sale. No need to take over the company.

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Post ID: @pbs+FafqYaf

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