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Application Form of Anadarko Petroleum Corporation Us

Application Form of Anadarko Petroleum Corporation Us

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we think that Anadarko is a great asset but you've got to put it in perspective occidental is about a 40 billion dollar market cap and they're buying something that's about a thirty-five billion dollar market cap and if you look at the debt they're both fifty billion dollars so we think this company is simply too big for them the market we think has it right occidental stock has moved down from sixty seven and a half to sixty it doesn't like it there is that $2 breakup fee so when you talk about what Chevron has to bid assume they have to bid about two dollars less for it to be equal because even if you take the accidental bid then you have to take off two dollars for that breakup fee but the net net is we think it's a valuable asset right there we think the best way for Occidental to maximize shareholder value would be to buy something smaller say ten ok fifteen billion dollars or even put themselves up for sale they've got such

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