Archives for March 2020
Occidental deploys poison pill amid Icahn push to oust 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 it at its annual general meeting. Source: FuelFix
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Shale drillers float Jones Act waiver as balm for price pain
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...
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More Houston energy companies slash spending
Two more Houston energy companies slashed spending and dividends Thursday after oil prices crashed earlier in the week. Source: FuelFix
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Oil set for worst week since 2008
Futures in New York tumbled 4.5% on Thursday and are on track for a 24% weekly drop. Source: FuelFix
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Icahn sees ‘strong bids’ emerging for Occidental on oil rebound
Activist investor Carl Icahn said Thursday he expects oil prices will rebound in the near to medium term and that “strong bids” will likely emerge for Occidental Petroleum Corp. Source: FuelFix
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