OXY: Occidental Petroleum Corp Message Board

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Gold/Mining/Energy : OXY: Occidental Petroleum Corp

OXY 40.46

-0.3%

10:40 AM EDT

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To: Dennis Roth who wrote (10)	2/25/2006 9:02:28 AM
From: DELT1970	of 24

OXY is a top pick at FBR. Their M&A strategy has been shrewd: "Vintage Divestitures to Yield over $1 Billion Oxy is still receiving bids for the properties (19,000 boe/d of production, 72 million boe of reserves) acquired from Vintage that it plans to divest. Management’s expectations are that it will receive over $1 billion (after-tax) from the sales, which would result in the Oxy retrieving about 30-35% of the cost of the acquisition back from only selling 15% of the reserves, according to our calculations." FBR thinks that OXY could be a target for another bigger integrated name.

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