Thursday, November 28, 2024
Occidental deploys poison pill amid Icahn push to oust board- oil and gas 360

Occidental deploys poison pill amid Icahn push to oust board

Houston Chronicle Occidental Petroleum Corp. implemented a so-called poison pill plan to defend against unsolicited takeover approaches just a day after activist investor Carl Icahn escalated his campaign to fire the beleaguered U.S. oil producer’s board. Such measures are usually deployed in hostile takeover situations. Occidental is implementing the plan later this month and will allow shareholders to vote on

In oil crash, energy debt loads are not the immediate problem for most drillers- oil and gas 360

In oil crash, energy debt loads are not the immediate problem for most drillers

CNBC As markets for energy companies’ bonds crater on lower crude oil prices, bond analysts offer one big piece of comforting news amid the chaos: Very few major energy companies have any debt due before next year, when the crisis sparked by the COVID-19 coronavirus is likely to be over. Bond markets have joined stock investors in panic since mid-February,

Shale drillers float Jones Act waiver as balm for price pain- oil and gas 360

Shale drillers float Jones Act waiver as balm for price pain

Houston Chronicle U.S. oil companies battered by the crude price war between Saudi Arabia and Russia are encouraging the Trump administration to waive a law that mandates only American vessels can be used to transport goods among U.S. ports. A temporary waiver of that law, known as the Jones Act, “can allow American producers to move domestic products with greater