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Houston..we have a problem....

7,353,305 Views | 28791 Replies | Last: 6 days ago by one MEEN Ag
one MEEN Ag
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In reply to AggieMainland • 10:15p, 10/5/23
AG
AggieMainland said:
one MEEN Ag said:
Owen Kellogg said:
I still think Chevron will buy Oxy to get the last laugh on that deal.
No insight, but I would think Chevron would hold off until Oxy has paid down the Anadarko debt off their balance sheet.
Most of the debt is gone. Or at least they are at a point where its no longer a priority. They don't even talk about it on their calls. A year ago it was all they would talk about. Focus now is on share repurchases.


I haven't been following it closely, but I think those are one and the same here. Buffett opted to convert his debt to stock and Oxy opted to dilute shares to pay him in stock. So share buybacks are basically the means of paying off the debt that everyone took on via share dilution.

Again, this is just me hazily remembering following the story on Twitter a year ago.
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sts7049
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1:04a, 10/6/23
AG
Shell is done with shale
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Charlie Murphy
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In reply to Red Pear Luke (BCS) • 8:23a, 10/6/23
Red Pear Luke (BCS) said:
Marsh said:
Premium said:
$84





Horrendous drop.
Thank goodness I bought PXD puts last week at $235

Edit: this was to hedge my current position in PXD
Whens the expiry?
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Red Pear Luke (BCS)
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In reply to Charlie Murphy • 8:53a, 10/6/23
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AG
Charlie Murphy said:
Red Pear Luke (BCS) said:
Marsh said:
Premium said:
$84





Horrendous drop.
Thank goodness I bought PXD puts last week at $235

Edit: this was to hedge my current position in PXD
Whens the expiry?
Oct 27th - I bought them when it had dipped to $222ish and then the run back up back is when I bought the puts. Just wanted to secure my gains and hedge.

But I was just hoping for a fat dividend payment announced come earnings at the end of the month.
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DripAG08
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In reply to txaggie_08 • 8:54a, 10/6/23
AG
txaggie_08 said:
FANG deal just about 6 months late for you


I tried my hardest to will that one into existence….
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Ag92NGranbury
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In reply to Drillbit4 • 9:57a, 10/6/23
AG
where did u find that graphic? (citi research one)
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txaggie_08
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In reply to DripAG08 • 10:06a, 10/6/23
AG
It will be interesting to see who falls next? Who are the most attractive targets left?

DVN
FANG
CTRA
MRO
PR
??
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jetch17
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10:11a, 10/6/23
AG
EER
APA
CROWNQUEST?
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Cyp0111
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In reply to jetch17 • 10:20a, 10/6/23
Apache assets aren't great imo.

Curious if Chevron tries to take a bigger bite and takes out conoco
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PeekingDuck
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In reply to Cyp0111 • 10:33a, 10/6/23
AG
I can't imagine them doing that. That'd be wild.
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Apache
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In reply to Cyp0111 • 10:36a, 10/6/23
AG
How do you know about my assets?!
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Cyp0111
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10:36a, 10/6/23
It would be, however, Conoco is the best upstream asset that is on the market.
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Owen Kellogg
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In reply to Cyp0111 • 11:29a, 10/6/23
AG
I agree. COP to CVX would be the mega mega deal and wouldn't surprise me to see CVX try.

That said, I don't think Lance is humble enough to sell unless his board forces him.
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Owen Kellogg
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11:32a, 10/6/23
AG
And I agree. COP has the best on shore North America assets. By far. Better than CVX or XOM.
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BiochemAg97
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11:44a, 10/6/23
AG
What is the likelihood of DOJ pushing back hard against these acquisitions? Biden Administration has been fairly hostile to large M&A in other industries. They have lost a lot in the courts though.
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nosoupforyou
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11:49a, 10/6/23
AG
I've heard Hess would be a great option for Chevron
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Cyp0111
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In reply to nosoupforyou • 11:50a, 10/6/23
Not a bad idea and would get them Guyana exposure.
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AggieMainland
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12:04p, 10/6/23
Not sure if Daddy Warren would approve but Oxy and Chevron merger would be a nice fit. Focus on O&G obviously but the DAC portion would make people happy.
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Aggie71013
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In reply to nosoupforyou • 12:32p, 10/6/23
AG
Hess has a very different culture which could be a hurdle.
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jetch17
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12:45p, 10/6/23
AG
A COP takeout would be yuge, mainly for the various positions across Permian, EF, Alaska, international
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lobopride
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1:04p, 10/6/23
so is the Pioneer to Exxon thing a done deal? Or just rumors?
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Owen Kellogg
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In reply to lobopride • 1:08p, 10/6/23
AG
It's more than a rumor. It's in progress but not done.
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PeekingDuck
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In reply to BiochemAg97 • 1:20p, 10/6/23
AG
Very low, XOM is embedded with government on ESG initiatives now. IRA was obviously written with their influence.
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jetch17
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1:56p, 10/6/23
AG
Forgot about EOG?
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Dark_Knight
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2:05p, 10/6/23
AG
All I can do is sit back and laugh at PXD. Karma is coming and I love it. Used to work for them, laid off back in 2019, then as a contractor and let go again. Fck'em and I hope most of the a**holes get laid off. PXD was a shell of its self since the layoffs.
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Cyp0111
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2:29p, 10/6/23
EOG is just such a unique place in how they approach things. Not sure how that folds into a bigger player. Of all the guys, they most likely need to remain independent.
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Fredd
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In reply to Dark_Knight • 4:01p, 10/6/23
AG
Dark_Knight said:
All I can do is sit back and laugh at PXD. Karma is coming and I love it. Used to work for them, laid off back in 2019, then as a contractor and let go again. Fck'em and I hope most of the a**holes get laid off. PXD was a shell of its self since the layoffs.


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Owen Kellogg
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In reply to Cyp0111 • 4:27p, 10/6/23
AG
Cyp0111 said:
EOG is just such a unique place in how they approach things. Not sure how that folds into a bigger player. Of all the guys, they most likely need to remain independent.


Agreed. I don't think EOG will sell. For the reason you mention and their equity is priced quite high so there's not really a motivation.
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Drillbit4
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In reply to Ag92NGranbury • 5:37p, 10/6/23
AG
It was on the twitterverse. I tried googling but no luck
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Dark_Knight
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In reply to Fredd • 9:33p, 10/6/23
AG
It's called karma. Corporate sycophants, can't stand them.
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crudedriller
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3:43a, 10/7/23
AG
What is the Hess culture? They've always been an enigma to me…
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planoaggie123
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In reply to crudedriller • 6:54a, 10/7/23
AG
crudedriller said:
What is the Hess culture? They've always been an enigma to me…


From the outside looking in, you can't understand it. And from the inside looking out, you can't explain it.
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Aggie71013
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In reply to crudedriller • 6:57a, 10/7/23
AG
What I've heard is to work you hard and require long hours.
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birdman
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In reply to crudedriller • 7:12a, 10/7/23
crudedriller said:
What is the Hess culture? They've always been an enigma to me…
Holidays
Evenings
Saturdays
Sundays

That's the culture.
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13
Comeby!
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In reply to birdman • 11:06a, 10/7/23
AG
But are they good? Or just 'doing time'?
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