txaggie_08 said:
What do you take from Sheffield stepping down from PXD? Isn't that interesting timing if in fact XOM was about to buy them? Why wouldn't he just wait to see the sale through and then retire?
Edit: I know his retirement supposedly isn't until end of year, but why announce it if talks with XOM are serious?
I think Sheffield knows the Libs/activists/Green Energy Clowns will be coming after PXD harder and he doesn't have the scale, scope and motivation to take them on. He has had enough after 7 or 8 years of crap. I think he sees XOM as an outfit that is good, solid, and will keep fighting forward with the same spirit he has, JMO.
As for retirement,....that cat taking Sheffield's place, an Eastern New Mexico University Accountant and Finance dude, served on some non-profit board, he can navigate the personalities in a
deal. He's exactly the guy I want beside me to usher through a deal. That cat will be the numbers guy, Sheffield will fend off the rest, and together they get the deal done. Eastern New Mexico guy gets exposure to XOM leadership and it's his chance to shine to a bigger/better future with XOM. Sheffield is giving him the opportunity. Obviously, I like this thought/plan, because it's mine.