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Occidental Petroleum Corporation Message Board

  • cabbage_farmer cabbage_farmer Nov 26, 2005 6:23 PM Flag

    Handicapping Ecuador

    Lets get down to business here folks. We need to handicap the Ecuador problem. In all my research I can't see how much hard assets OXY has in Ecuador, but OXY should take the write down, bite the bullit and move on. The Ecudorians have effectively kicked us out. Sure we've already won the $25M tax rebate from an arbitor decision in England, but the banana republic already said it can't pay up. Did anyone really expect they would? Of course we'll go on to win the contract compliance dispute, but you are all surely intelligent enough to know these banana republic thieves will make life miserable for OXY employees there, if not unsafe.

    As far as I'm concerned Ecuador is no longer worth this agravation. The wrangling of legal swords will only result in a hostile quagmire eating up all our profits. Simply for business reasons we should abandon Ecuador.

    Personally I think Chavez of Venezuella is behind this plot and egging on the banana heads.

98.29+0.89(+0.91%)Sep 15 4:01 PMEDT

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