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home / news releases / OXY - Exiting Anadarko As Deal Nears Closure


OXY - Exiting Anadarko As Deal Nears Closure

I'm out of the Occidental (OXY) and Anadarko (APC) deal. I don't think the spread offers adequate compensation to stay involved anymore. The deal really has to close quickly after the August 8 Anadarko vote, and the deal to close at a very high probability for this to show a strong expected return.

The spread is 0.78%. Even if this closes in 2 weeks which would mean the day after the shareholder vote, with a 100% probability (that I never use), this only translates into a ~18% annualized return. That's great

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Stock Information

Company Name: Occidental Petroleum Corporation
Stock Symbol: OXY
Market: NYSE
Website: oxy.com

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