Bid for Anadarko Leaning Towards Occidental, Says KeyBanc's Mariani

The transcript discusses Occidental Petroleum's (Oxy) strategic moves to strengthen its bid for Anadarko, including raising cash and selling assets. Despite these efforts, market concerns about leverage and asset fit persist, affecting Oxy's stock price. The discussion also covers broader M&A trends in the oil industry, driven by stable oil prices and valuation differences between major and independent companies.

What strategic move did Oxy make to strengthen its bid for Anadarko?

• Reduced the stock component of the bid

• Increased the cash component of the bid

• Increased the stock component of the bid

• Reduced the cash component of the bid

What was a major concern for the market regarding Oxy's acquisition of Anadarko?

• Oxy's increased leverage

• Oxy's reduced cash reserves

• Anadarko's declining stock price

• Chevron's higher bid

How did the market react to Oxy's acquisition strategy?

• Oxy's stock price increased

• Oxy's stock price remained stable

• Oxy's stock price decreased

• Oxy's stock price was unaffected

What has been a significant factor in the recent wave of M&A in the oil industry?

• Increasing oil supply

• Decreasing oil demand

• Stable long-term oil prices

• Volatile oil prices

What trend is expected in the oil industry following the Oxy-Anadarko deal?

• Stability in M&A activity

• Complete halt in M&A activity

• Decrease in M&A activity

• Increase in M&A activity