Curious, have not been following OXY, read an article that suggested OXY should buy Halcon (HK), is OXY looking to expand into a play like the TMS which is in the early stage? If so, GDP might be a target. Do any of you think OXY might be looking to JV or acquire?
Why would they be looking to buy a company in a play they are not involved in when they are in the process of unloading most of their non-Permian assets?? They spent a boat load of money to build a new pipeline to get Permian oil form West Texas and SE New Mexico to the gulf coast. OXY is the largest producer in Texas due to conventional E&P and will now develop their vast Permian shale properties. The entire California operation will be spun off into a separate company of which OXY will only retain 20% of the shares.