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Occidental Petroleum's (OXY) proposal to split its U.S. and foreign businesses is pressuring...

Occidental Petroleum's (OXY) proposal to split its U.S. and foreign businesses is pressuring more oil companies to follow suit, with ConocoPhillips (COP), Anadarko (APC) and Talisman (TLM) among those asking whether the U.S. shale boom has made their global business models obsolete. Separating relatively low-cost investments in U.S. shale from foreign assets carrying bigger potential rewards/risks will unlock a bounty for shareholders, Deutsche Bank's Paul Sankey says.
Comments (5)
  • wigit5
    , contributor
    Comments (4120) | Send Message
     
    I don't know if COP investors can stand anymore spin off goodness they might all just retire when all 3 entities trade around $70/share
    12 Jun 2013, 12:47 PM Reply Like
  • Dividend Garden
    , contributor
    Comments (445) | Send Message
     
    Sounds good to me, Wigit.
    12 Jun 2013, 02:19 PM Reply Like
  • raven3
    , contributor
    Comment (1) | Send Message
     
    Spin Away !!!
    12 Jun 2013, 03:37 PM Reply Like
  • Seeking Predictability
    , contributor
    Comments (16) | Send Message
     
    If this is anything more than rumor/speculation, where would the companies put their deepwater GoM E&P?
    12 Jun 2013, 03:11 PM Reply Like
  • Veritas1010
    , contributor
    Comments (1580) | Send Message
     
    Just a rumor.

     

    With a downwardly trending market at the moment it will take more than this to change short-term price momentum with Fed easing questions, supposed short-term oil/gas glut and ppb trending generally lower with Chinese slow down.

     

    No way COP will rock the boat in this manner presently with so many investors unsure about their long-term capability to shed questionable (but valuable) international assets, yet grow assets and resources profitably here in North America.

     

    If COP drops below $60, I'd "'snatch and grab (some more) of it" with any dry powder available. As always do your own dd...just my take here one and all...
    12 Jun 2013, 06:59 PM Reply Like
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