04-01-2020, 01:04 AM
Anyone else following the OXY drama? This is perhaps the biggest self inflicted dumpster fire I have seen for a major corporation. They imploded the company in about 12 months. Can't help but wonder if Icahn and or Buffet is going to own the Permian before long. Just read that OXY can pay Buffet's interest with newly issued common shares and it seems they will have to. That will be some significant dilution. I'll be curious to learn if he is buying shares now, or dumping them.