Occidental Petroleum Corp. is examining ways to lessen its roughly $40 billion debt load following a historic plunge in oil prices and an ill-timed acquisition, which have put the Texas energy producer on shaky footing.
Occidental recently tapped boutique investment bank Moelis & Co. for advice on how to ease the burden of its liabilities at a time when the company’s revenue is under severe pressure, according to people familiar with the matter.
Did Anadarko come with a return policy?
Probably too late for a “takesie-backsies” on the Anadarko deal, huh...
One way is through bankrupcy. Sorry, Uncle Warren.....
Chapter 11?
They need to hire DaveRamsey
They want to take us down with them.
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