Reported on Mad Money "poorly managed company" Sell
7 replies (most recent on top)
Yes, I worked Wolfcamp and Delaware basin last year. Properties around Pecos and up as far as Carlsbad into New Mexico. Fortunately, none of them were for Oxy. Wouldn't want the bigoted abuse associated with that company. Is that all you've got to mouth off about, spewing some garbage that every other operator has already been developing? How long since you worked the north sea? You incompetent bigots are loved up there.
how long has it been since you worked in he industry? Have you heard of this the Midland and Delaware Basin?
Yeah, in addition to cklx - how about that 2.6 billion dollar right down of reserves at Elk Hills that had Kern county up in arms? Is that great asset performance? They had to spin it off and bail out of California because nobody would buy that garbage and nobody with any ethics would work there. I won't even start on South America, Libya, Mallet, Vintage or their offshore record. What kind of clown posts 'great assets' with Oxys track record. What a moron.
Great assets? Like Sharon Ridge and Salt Creek? OMG, and you call me an idiot!!? When your Class 1 Div 2 electrical work involves duck taping an extension cord to the pipe, its called the Oxy way. I can't believe you made such a stupid statement. Nobody has bought Oxy after all this time, and yet you claim its great. What a freakin chimp.
Oxy has great assets in the right places. A buyer only cares about the portfolio of assets idiot, not its history or leadership.
Problem with a sale is, too many people know what Oxy is. There are not enough rubber gloves in the world to keep the excrement stains off your hands as far as touching Oxy is concerned.
Untill the The Strategic Advisor who is also a Board Director steps down nothing will change. He controls the Board and the officers. The dividend must be cut or the company will be forced to find a buyer.