After Murphy Oil (MUR) announced a spinoff in late 2012, Deutsche Bank analyst Paul Sankey had a few ideas for whom the next spinoff candidates in the energy space might be. His top picks? Hess Corporation (HES) and Occidental Petroleum (OXY). Congrats Mr. Sankey, you deserve a nice pat on the bac,k because not one, but both companies… Read More »
After shaking up its leadership earlier this year, Occidental Petroleum (OXY) is undergoing a strategic review to ‘streamline and focus’ its operations. The first steps of that process authorized by its board include: Pursue the sale of a minority interest in the Middle East/North Africa operations in a financially efficient manner. Pursue strategic alternatives for select Midcontinent assets,… Read More »
Given the plethora of spinoff activity in the oil & gas space and the tendency of big corporations to ‘follow the pack’, it is no wonder that some are already thinking about which company is up next for a spin. In the eyes of Deutsche Bank analyst Paul Sankey, the two biggest names to keep an eye on… Read More »