ron, my source is uncharacteristically mum, instead of the past responses like, "You're funny Haaaa Haaaaaaaaa"; "has it really been 10 years since we cleared out our offices?".
It's hard to time a big deal like that to a certain day, and if it doesn't happen on 5/22, I'll drop that subject. The logic in post #6542 on 3/1 is pretty hard to argue with, but it was just a guess on timing. We can only imagine the countless details and delays with a deal like that, but you have to admit that pxd is not positioned to thwart a takeover, with management/directors owning less than 1/2% of pxd shares, AND, their way-below-peer-performance for their 10 years in office, AND, with just a handfull of their largest shareholders owning over 50%. Again, maybe the recent pxd run-up is from institutional buying knowing that a plan like that has been initiated/is being discussed.
Boone's a very busy man, but not so busy as to pass on an opportunity like that. Also, funding the initial $2 billion investment in the first of 4 stages of an est. $10 billion project with Mesa Power, all by himself, could have been done knowing that he could get his money back ++ when merging that Pampa, TX windfarm into a new conglomerate under the reconstituted name of MESA, INC.
Read #6542 and give me your comments about the logic, or lack of, in that thinking. Would it work? What would be the size of this new conglomerate? In the present and projected oil & gas price environment, how would investors react to the first Wall Street firm to have a lock on not only the large O&G property base of pxd/xco, but also the suddenly trendy "alternative energy" generators/marketers CLNE and Mesa Power. Also, how would his planned Mesa Water fit into the picture, since he now has signed up the necessary landowners and is planning a 48" water line to the Dallas and/or San Antonio metroplexes who have a looming water supply problem?
There are a lot of pieces to this monster that I think Boone very definitely has advanced far past the design stage. Give me your guess on the timing, assuming that possible scenario.
"Great minds discuss ideas. Average minds discuss events. Small minds discuss people."
-- Eleanor Roosevelt
P.S. And "pinheads" re-live the March Madness final game; ain't that right otc bb king? Jayhawker claims you're still licking your wounds and ignoring him, and even deleting some of his posts. My My My! If I was your dad, I'd take you boys to the woodshed. Besides that, Boone's OSU Cowboys are going to soon be dominant like the UCLA of old anyway! Darn; after that, I guess I'm a "pinhead" too.
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