17¢ on the dollar
1 posted on
10/19/2015 7:28:42 AM PDT by
thackney
To: thackney
So did they overpay to begin with?
2 posted on
10/19/2015 7:35:35 AM PDT by
bigbob
To: thackney
If the buyer can hold on to the land long-term, it is bound to worth a lot more eventually.
5 posted on
10/19/2015 8:03:04 AM PDT by
Da Bilge Troll
(Defeatism is not a winning strategy!)
To: thackney
Wow. The small company my wife works for has went through a transition but is still viable, still hauling some fresh water for fracks. Not sure who is still fracking.
7 posted on
10/19/2015 8:09:19 AM PDT by
dynoman
(Objectivity is the essence of intelligence. - Marylin vos Savant)
To: thackney
Oxy must be thinking it’s a long term loss. Unless their cash flow is jamming up. Probably wasn’t an easy decision.
8 posted on
10/19/2015 8:11:02 AM PDT by
dynoman
(Objectivity is the essence of intelligence. - Marylin vos Savant)
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