APC News and Press, Anadarko Petroleum Corporation From 11/10/19

Like Exxon ( XOM ), Cenovus ( CVE ), and EQT ( EQT ) before it, Occidental Petroleum ( OXY ) overpaid for energy resources in an age of energy abundance. In fact, the energy sector is littered with companies that have made this crucial mistake. And their shareholders all paid a heavy p...

Risk was definitively off this week across energy stocks, commodities and the broader stock market. Naturally, utilities and REITs caught a bid, and midstream did not. Within midstream, Canada held up well and helped AMNA outperform the AMZ and AMUS. Despite MLPs posting their second worst wee...

ETF Overview Vanguard Energy ETF ( VDE ) owns a portfolio of giant and large-cap U.S. stocks in the energy sector. The ETF seeks to track the investment results of the MSCI U.S. Investable Market Energy 25/50 Index. VDE has not performed well in the past year due to weak demand caused by a s...

Last week’s strike on Saudi Arabia’s crude oil capacity shook energy markets. Saudi Aramco’s (ARMCO) largest oil processing facility was attacked by a combination of drones and cruise missiles resulting in 5.7 million bpd of crude oil production going off-line – or ...

Alta Mesa ( AMR ) filed for bankruptcy September 12, 2019, completing a less than two year path from $10 to $0.07 and the destruction of billions of dollars of investor money, much of which was from Riverstone and Bayou City . This is the first I'm communicating publicly about it, but I...

The market became gravely concerned when Vicki Hollub, CEO of Occidental Petroleum (NYSE: OXY) , came in, guns blazing with an offer to pay $76 per share for Anadarko   Petroleum (NYSE: APC) and backed by $10 billion from Warren Buffett. Hollub seemed tenaciously set on acquiring Ana...

This article is part of a series that provides an ongoing analysis of the changes made to John Paulson's 13F stock portfolio on a quarterly basis. It is based on Paulson's regulatory 13F Form filed on 08/14/2019. Please visit our Tracking John Paulson's Paulson & Company Portfolio serie...

This article is part of a series that provides an ongoing analysis of the changes made to Carl Icahn’s 13F portfolio on a quarterly basis. It is based on Icahn’s regulatory 13F Form filed on 08/14/2019. Please visit our Tracking Carl Icahn’s Portfolio series to get an ...

As Anadarko’s investors have just voted in favor of the Occidental merger[1], I would like to take some time to review a specific part of the deal: the financing and more specifically, “the Berkshire Hathaway investment”. Indeed, it is for this particular investment that O...

Multiple catalysts are lining up to drive the price of oil higher in the short term. Not all of these catalysts need to manifest in order to drive oil higher, but certain could have more impact that others. With oil stocks beaten to a pulp, it seems reasonable to think that there's too muc...