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.

In what ways have oil price expectations influenced the market for corporate control in the oil sector?

What trends in the oil market could lead to increased consolidation among independent oil companies?