Updates
April 20, 2019: could this be the next high-profile Permian takeover? From the linked article:
Oil equities are under-valued at present by thirty or forty percent, taking the recent performance of the XOP index as an example, in relation to the price of oil. From the Dec. 24th, 2018 low, the XOP has regained about 30% of its pre-crash level, while oil has nearly doubled. Anadarko makes up about 2% of the XOP.
Original Post
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Links that we may want to re-visit in light of Chevron looking to buy Anadarko:
- Apache may have found a small elephant, September 7, 2016
- Alpine High, December 22, 2017
- Anadarko withdraws its bid for Apache, November 8, 2015
- Mike Filloon on Alpine High, September 13, 2016
- Apache pulling out of Australia to concentrate on US shale, July 31, 2014
But this may be the most important link.
- OXY may acquire Apache, May 19, 2016.
See graphic below. Earlier, Apache was at the top of the list, but it's still among the top five.
There are thousands of equities trading on NYSE. To be among the five in "the those moving" one has to at least think about "why"?
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Something To Think About
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