Would enjoy reading more in this series, we learn more from our mistakes than our successes much of the time, and always better to learn from someone else's mistakes than from one's own ;-)
Nikhil, thank you so much for reaching out on this. I go back a long ways with OXY. The APC acquisition came after my time as a covering analyst and I have not done a deep dive on it. Clearly the combination of timing and increased debt was less than ideal, but whether the combined company is better/worse than pre-APC OXY I would need to spend more time diving into. I'd probably also note that since I am a director of a competitor company, I am inclined to perhaps not commenting on the current outlook for specific companies. I have tried to keep my forward views more at the sector level, with the company specific comments tied to the time when I actively covered the sector at GS. Sorry for the long-winded and probably ultimately unhelpful answer. Thank you for commenting and reading my notes.
Would enjoy reading more in this series, we learn more from our mistakes than our successes much of the time, and always better to learn from someone else's mistakes than from one's own ;-)
Would love to hear your thoughts on OXY's acquisition of Anadarko.
Nikhil, thank you so much for reaching out on this. I go back a long ways with OXY. The APC acquisition came after my time as a covering analyst and I have not done a deep dive on it. Clearly the combination of timing and increased debt was less than ideal, but whether the combined company is better/worse than pre-APC OXY I would need to spend more time diving into. I'd probably also note that since I am a director of a competitor company, I am inclined to perhaps not commenting on the current outlook for specific companies. I have tried to keep my forward views more at the sector level, with the company specific comments tied to the time when I actively covered the sector at GS. Sorry for the long-winded and probably ultimately unhelpful answer. Thank you for commenting and reading my notes.