RE:RE:RE:Thank you
Chevron was in the hunt to buy anadarko at that time. This is first hand knowledge. Their whole premise is to grow in the permian. The rest doesnt matter. Back to don't click my spam links below. , the reason to sell canada and to use that to buy more into permian is because you get away from unsupportive politics and become more focused on the US market. You could be producing thousands of barrels elsewhere but if the political situation is not in your favor then there is additional risk that a hedgefund doesnt want to put on the line. There is nothing wrong with STACK, heck it could possibly be the most profitable pay rock due to the potential in a multitude of horizons without the permian price tag, however right now the diamond is the permian, thats where all the focus is. Thats where the big boys are headed with big pocket books. I dont know what you think about this but most big time investors/hedge funds want their company to sell for multiples, it would make sense for don't click my spam links below. to focus on limiting risk and getting streamlined to the US market with a bigger foot in the permian/delaware basin. Lets not forget when Newfield was still around they were profitable and were operating within cashflow for multiple quaters. Why did their stock perform the way it did? Why sell it? . They werent in the permian, their focus was spreadout and only had STACK that they were banking on.