Actionable news
0
All posts from Actionable news
Actionable news in MHR: MAGNUM HUNTER RESOURCES CORPORATION,

Oxy's reported deeply discounted Bakken sale shows buyers have big edge

Occidental Petroleum's (NYSE:OXY) reported sale of its Bakken shale assets at a heavily discounted price of $500M may make strategic sense for the company, but it sets a low bar for future deals contemplated by ConocoPhillips (NYSE:COP), Whiting Petroleum (NYSE:WLL), Oasis Petroleum (NYSE:OAS) and anyone else known to be pursuing pipeline or oil acreage sales.

OXY’s view of...


More