The only lawyer which I would recommend for you would be:
Goe, Fackhoff and Dye.
Pretty sure I got that one right.........
Sounds like you're getting a divorce and that's your lawyer.
If that one doesn't work, I'd recommend "Do-We Cheatem' and Howe". I think Madoff used them........
Other than to receive payment, why would he need to "agree" to leave (if it's his choice afterall)?
"Are there bullets in the comrade-ski?"
On November 6, 2015, Mr. Thomas E. Voytovich, executive vice president, International and Offshore and Exploration and Production Technology, and the Company agreed that Mr. Voytovich would leave the Company effective as of November 30, 2015. In conjunction with his departure, Mr. Voytovich will receive payments under the Company's Executive Termination Policy, subject to entering into a settlement and release agreement to reflect the same.
Very well said.
I think that in retrospect of all of what happened, we should give some thought to the GS aspect of it.
Big deal, GS. Right?
Well no, not really. It is sort of a big deal.
They are formulating a "defense strategy". Right? That's it?
No. I'm sure that there is more than that. Parachutes for the C-suite level people. Perhaps poison pills to defend against takeovers.
They are probably considering events from the successful fend-off of Roche by Illumina.
All in all, it's a smart defensive move by Apache management , and we should keep it in mind.
I have no worries for APC; they have their own basket to contend with and they will most likely garner their own buyout interests.
What the intended price is, what the offered price was; it doesn't really matter any longer. Now the past.
Yeah, uh, sorry, but no. I'm having trouble with the visualization of "it".
I just looked a couple of moments ago and APA was down over 8 (freaking) %.
And yet APC is down only 5%.
So, who risked what again? APA risked absolutely nothing and they are getting punished worse than another that risked, "a letter and an offer that they never had to full-fill.
That's garbage street for you. Turn down an offer that doesn't work for you and get punished for it.
3 years ago, Illumina fended off Roche (who could have bought anything they wanted), and at the ended of it, ILMN didn't go back down to pre-buyout levels. They dipped some, but ultimately, they rocked on up over $200 per share.
Not even a week after events here and shorts can't seem to tunnel APA back into the basement fast enough.
Valuation amongst wall street: It's like the female orgasm. You get "it" over here, but not over there........
Thanks, but I can read things well enough without your slanted views.
I have been here since before Monday and can read what happened well enough with mine own eyes.
You think that I cannot tell which party had the upper hand in this thing and who was the more desperate party?
YOU are a real snake oil salesman.
I hope that your short position got blown to hell on Monday and Tuesday; and I hope it gets slammed again soon.
They are a mini-major (as I read it described). I'm sure that someone will find interest in whatever they may have. Afterall, we ARE talking about oil and oil companies here.
Of course; but if no more offers come and no offers are accepted, I'm (personally) fine with that as well.
Other, wiser minds, have already printed in their analysis statements that APA will be just fine doing their core business over the course of events to come.
To pursue one's business, do it well, and find success (without takeover); there is certainly no shame in that either.
I'd be just fine to collect dividends and stay with this oil company as they gain more traction.
Thanks for the thoughts, best of luck to you.
Do those numbers come from the Wall Street Journal article, or do you work for Bloomberg, please?
(just curious about your source for your numbers)
To be clear on this, I was NOT referring to APA (Apache) with my statement of "desperation".
With a somewhat cursory look and a couple of articles which I have read about APC (Anadarko), it is their situation which is more desperate. They may be facing some distress sales of oil patches.
Enough of it.
As an APA shareholder, I am glad when I read the statements from the Royal Bank of Canada Analysts regarding Apache's ability to weather the Saudi turd-storm here.
Apache's decision to sell or not, is theirs alone (period).
But should other things develop here, I am also glad about the things which S&P Capital IQ has writtten (initial post, at the top).
Good luck to you. Over and out.
Maybe we see more action from APC and maybes we doesn't; depends on how desperate their situation is.
Let's assume that APA won't be swayed by whatever APC offers.
Here are some interesting thoughts which I came across aside from the APC offer:
Translation: APA has what it takes to put the #$%$ in the seats.
An unconfirmed rumor in Bloomberg said that APA was the subject of an unsolicited takeover offer from an unnamed suitor. According to the article, APA rejected the alleged offer and was working on a defense strategy. We think APA would make an attractive target, being one of few upstream oil and gas companies likely to post positive free cash flows in 2016, using Capital IQ consensus estimates. In addition, as a major player in the Permian Basin, we think APA's acreage is attractive, given relatively strong well economics in this region. Lastly we see APA with strong liquidity.
There aren't ANY "recognized" facts in any of that.
Soooo, it looks like you are STILL just stating your beliefs.
Take it easy, Carl. You should actually wait to hear what APA and or APC has to say.
We might get something about it from APA on the 17th when they do their North Sea update.
I thought that you didn't believe in anything? That's indeed an Icahn miracle.
Well, here is a novel idea; why don't we wait and see what comes next from either or both of the companies? I'm sure that the share prices of both of the companies will go up and down in the meantime.
Well, like my first sentence said.
I know. For you it's "guarded optimism", "don't give in to possible falsehoods too soon", etc, etc.
I said it in my first sentence above. Sit on those pins and needles. Whatever works for you.
Feel free to believe what you like, but by this point, it seems pretty clear that this buyout offer business is genuine.
Apache Can Weather the Storm Without Buyout -- Market Talk
8:16 am ET November 10, 2015
8:16 ET - Up 50% from late September's low amid M&A chatter, RBC says APA is still "relatively undervalued" and likely won't agree to a buyout unless the bid is far above current share prices. The investment bank also doesn't think the oil company's management is in any hurry to sell. "APA has one of the stronger balance sheets in the E&P sector with $1.8B of working capital and an undrawn $3.5B revolver...APA has the ability to wait out the current weakness in commodities. There is no need for them to pursue a sale of the company at this time." RBC believes $70-80/share is "a reasonable takeout price," which would value APA at up to $30B. Shares closed yesterday at $53.94.
That is probably the greatest and most sound kernel of truth to this whole situation: "Goldman is probably playing both side on this deal."
Afterall, a leopard doesn't change it's spots.
I think that we will find out fairly shortly. A little intrigue before Christmas isn't such a bad thing.
Also, it might give long shareholders a chance to uncork a bottle of something finer and extra-special to celebrate with, IF the news develops rapidly before the end of the year.
As much as I might look forward to that, I would urge APA to hold out for a magnificent price and bag a big fish if they are going to walk from their position in the Permian.
After everything which I have read and listened to today, I think that this thing is genuine and could be an excellent opportunity. Great hopes going forward here.
And there you go.
Back in 2010 you had an Apache spokesman come out and state about a story being rumor / speculation.
That HASN'T happened today, thusfar.
An analyst from KLR and another from S&P Capital IQ both discussing it on CNBC; neither saying it's hogwash. Only one of them saying that the suitor would have to be a major player, dropping names (EOG or XOM specifically and ruling out BP, saying that they don't really have the assets for something like this.
More time will go by and the image and situation will clarify. The KLR, female, analyst had a price target of $72.
Hope springs eternal.....
You haven't seen any APA press releases DENYING that an offer was made; now do you?
More than 6 media outlets are covering it; although none have the answers to the questions, "who and how much?"
Not one of them is coming forward to say that it is not-credible.
At the beginning of this year (or last) there were rumors of BP being courted. Within 1-2 days, you had media outlets coming out to state that they did not think the reports were credible.
We will know shortly, I'm sure.......