Here We Go! OXY Plummets -- Down 7% In Last Seven Minutes -- April 24, 2019

Makes counter-offer for Anadarko. Links everywhere. Here's one. Link also at Wall Street Journal.

• Chevron offered $65/share on April 12
• OXY had been talking with Anadarko until Chevron suddenly announced
• now, OXY offers $76/share
• OXY investors not happy
• Anadarko, of course, jumped

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Comments:

• initial indications were that OXY was not going to get into a bidding war
• an indication of how valuable shale is
• indication of how much OXY needs a big acquisition 
• CVX down about 0.35%