Concho Resources Inc. may have become too big to sell just months after its richest-ever acquisition. Mizuho Securities USA LLC analyst Paul Sankey asked executives on a conference call Wednesday whether the company had altered its view about putting the company up for sale. “The big idea, I think two or three years ago, maybe longer, was that you would sell the company,” Sankey said. “Is the idea now to run it higher for cash returns?” “That wasn’t my big idea, Paul,” Concho Chief Executive Officer Tim Leach responded. “I think that may have been your idea,” he said to laughter.
Source: FuelFix
