Occidental Needs Synergies to Make Anadarko Price Work, Stoeckle Says

The transcript discusses the bidding war between Occidental and Chevron for Anadarko, with Occidental's surprising $276 per share offer. Mark Stoeckle, CEO of Adams Fund, shares insights on the implications of Occidental's bid, highlighting concerns about doubling the company's size and operational challenges. The market's negative reaction to Occidental's bid is noted, along with financial leverage concerns. Future considerations include Occidental's plans for Anadarko's assets and potential synergies.

What is the speaker's opinion on Occidental's operational familiarity with Anadarko's assets?

What does the speaker suggest about the market's reaction to Occidental's bid?