You were supposed to buy Pioneer not Anadarko. No one wants us!
6 replies (most recent on top)
Stock price doesn’t mean anything. You can have a stock price of $1,500 but only have one share outstanding. Congrats. Your company is worth $1,500.
CEO said it all in his company address. PXD is fat. Our internal costs are completely nonsensical. Over $8 billion and divestitures and no layoffs? PXD is the only company that does that. There’s a reason no one else does....it doesn’t work!
Even with PXD value going up, it’s still not too expensive. At this point, best move forward would be a merger. The big question remaining is what company maintains control? But at that point, the merged companies would likely be too large for acquisition. Purely spec, but for now, there are more attractive buys in the Permian than PXD. Once PXD slims down, it will start looking really good.
1) No one cares about the Midland Basin
2) No one wants to touch PXD until the Investigation is over
It's not all about stock price bro, you can't compare stock prices, look at market cap instead and you will see that they are now valued higher than PXD after today.
The total acquisition was $50 billion for Anadarko. They're stock price didn't even touch our stock price and they had close to the same acerage. How are we not valued more than they are? In your opinion, why are we not a good buy right now?
Keep thinking that. Chevron just proved that isn’t true. $33 billion on Anadarko is more than Pioneer is currently worth in its entirety. Keep in mind, Chevron isn’t even the biggest fish in the sea.
Pioneer is definitely not too expensive. It’s just not a great buy right now.
I like to think that no one can afford us ;)