Jimbo Posted May 12, 2019 Report Share Posted May 12, 2019 THE OXY........MORON DEAL So Oxy gets Anadarko a company that generates no free cash flow And a lot of expensive debt. And Warren getting 800 million a year Winners: Warren B Anadarko shareholders who take the cash Chevron shareholders Losers: Oxy shareholders (lower oil prices or higher interest ratyes will tank the dividend). Oxy bondholders (lower oil prices or higher interest rates could see the bonds downgraded to junk). This exercise in financial enginering provides lots of opportunity for capital structure arbitrage. Link to comment Share on other sites More sharing options...
aussiebear Posted May 13, 2019 Author Report Share Posted May 13, 2019 ---> Mushy Monday Link to comment Share on other sites More sharing options...
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