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Newfield Exploration Co. Message Board

  • bodava4 bodava4 May 15, 2013 4:50 PM Flag

    WHY is NFX not at $45 today? This I ponder.

    Also can't believe NFX has not been scooped up by one of the majors. This baffles me. Why the stock is trading at $24 is also perplexing. I guess some just don't know good value when they see it.

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    • Did you listen to the NFX Presentation this morning?

      Boothby says the bid room for the International business opened this week and Goldman Sach says it is the strong interest they have seen for such an asset. Everyone in the international oil world is taking a look.

      NFX could get more than the market cap of NFX from the sale of the International business. Boothby said debt paydown, accelerated drilling and stock purchase are all on the table for the money.

34.28+0.04(+0.12%)Mar 27 4:01 PMEDT