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Occidental Petroleum Corporation Message Board

  • raman_ds raman_ds Mar 20, 2013 1:59 PM Flag

    This Pig needs to be broken up, sell all non-US assets

    easily north of $100
    & reduce mgmt compensation, we need some shareholder activitist similar to hess

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    • What do you propose they do with the proceeds from sale of assets??? One third of their production comes from North Africa and the Middle East. The only other foreign oil production is in Bolivia and Columbia. The company would have to make up an awful lot of oil production if they sold those assets.

      If the money was redeployed to the US it would be tight rock drilling, which is considerably more expensive than their conventional foreign operations.

    • Amen and amen. Ditto.

    • Weak Macro world economy Idget. Oxy break up very bad for long time investor. Oxy not expanding permiam production like smaller firms have. Mainly because of the law of large numbers, IMO. You idgets that want spin offs why don't you fo buy your own small oil field: There is some available in your price range...Oil & Gas Exploration Companies For Sale
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      Found 2,963 Oil & Gas Exploration Companies For Sale in the MergerNetwork database. The database currently contains listings for 207,167 businesses for sale and companies for sale as well as market indexes for over 300 segments of the business for sale market.

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      Business For Sale Listing BFS-324282 — Listed on Feb-16-2013
      500+ BPD Stable Production for Sale
      Industry: Mining // Oil & Gas Extraction
      Location: United States // Midsouth States // Kentucky
      Sales: Not Disclosed
      Status: Active
      Looking to sell 500+ bpd production, located in Kentucky. We can handle field operations or you can, your choice. We will not reply to requests that do not include a valid phone number with reachable party.
      Business For Sale Listing BFS-313073 — Listed on Oct-03-2012
      For Sale - Producing 1.5 BOPD With Upside
      Industry: Mining // Oil & Gas Extraction
      Location: United States // Southwest States // Texas
      Sales: Not Disclosed
      Status: Active

    • Amen to that

    • i agree this co.. is worth at least 90 now

    • Part of the problem is that they're in Los Angeles, California. Very high taxes and high cost of doing business. High salaries are expected at HQ.

      Sentiment: Buy

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