Diamondback CEO following a go-it-alone shale strategy
Bigger is often nothing but a recipe for hiding underperforming parts of the company. Everyone is so rattled up by the merger that eyes and minds wander off way more important objectives like improving on the bottom line. Finding out how to lower costs more by raising quality production. Automation, better exploitation of data, cleaning out the portfolio to better suit strengths, and eliminate those assets that tend to inflate weaknesses the company has, and many more. I have a feeling that many hydrocarbon CEO’s just hope for better times and merging with others is their way of rattling the cage enough for everyone to look away from their own bottom line in the meantime.
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