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David Messler

David Messler

Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and…

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What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum, (NYSE: OXY), lit up the Permian sky, with its mid-April announcement that it was going to call and raise Chevron’s (NYSE:CVX) bid for Anadarko Petroleum, (NYSE: APC). div[id^="vemba-player-sticky-"]:not(.vemba-player-sticky) { margin-top: 15px; } [id^='vemba-close-']:before { content: "close[x]"; position: absolute; top: 28px; background: black; color: white; z-index: 999999; pointer-events: all; padding: 2px 4px!important; } [id^="vemba-close-"] { background: #000; color: transparent !important; float: right; pointer-events: none; margin: 0!important; width: auto!important; padding: 2px 5px!important; background: none; }

Almost immediately two things began to happen. First, the stocks of both companies sank, big. They kept sinking proportionately until the news broke at the end of April that OXY Gulfstream jet had been spotted in Omaha, where the CEO, Vicki Hollub had paid a visit to the Oracle. Ms. Hollub must have made a convincing pitch, as she came away with a big $10 bn financial commitment. Chevron stock immediately reversed course, with a 5 percent gain, attenuating this substantially though as the…




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