Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
acquiror, attract, attractive, brought, case, certificate, competing, consent, contemplated, defending, discourage, divert, entitled, equivalent, extinguishment, Falcon, fell, fiduciary, hand, injunction, key, manner, meeting, merge, merit, monetary, motivate, opportunity, outlined, par, pendency, plaintiff, prohibiting, prohibition, proposal, proposed, proposing, pursue, pursuing, recommendation, redemption, shareholder, smaller, soliciting, standalone, successful, surviving, unamortized, waived, withdraw, withhold
Removed:
Alternate, decreasing, forecasted, modified, obligated, PNC, source, spending, transport, widening
Financial report summary
?Risks
- We will be subject to business uncertainties while the Merger is pending, which could adversely affect our businesses.
- We may be subject to lawsuits relating to the Merger, which could adversely affect our business, financial condition and operating results.
- The Merger may not be completed and the Merger Agreement may be terminated in accordance with its terms. Failure to complete the Merger could negatively impact the price of shares of the Company’s common stock, as well as the Company’s future business and financial results.
- The Merger Agreement contains provisions that limit our ability to pursue alternatives to the Merger, could discourage a potential competing acquiror of us from making a favorable alternative transaction proposal and, in specified circumstances, could require us to pay ConocoPhillips a termination fee of $300 million.
- Because the exchange ratio in the Merger Agreement is fixed and because the market price of the Company’s common stock will fluctuate prior to the completion of the Merger, our stockholders cannot be sure of the market value of the Company’s common stock they will receive as consideration in the Merger.
- Our shareholders will have a reduced ownership and voting interest in ConocoPhillips after the Merger compared to their current ownership in the Company on a standalone basis and will exercise less influence over management.
Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- Certain statements in our discussion below are forward-looking statements. These forward-looking statements involve risks and uncertainties. We caution that a number of factors could cause actual results to differ materially from those implied or expressed by the forward-looking statements. Please see “Cautionary Statement Regarding Forward-Looking Statements.”
- Concho Resources Inc. (“Concho,” the “Company,” “we,” “us,” and “our”) is an independent exploration and production company. We are one of the largest operators in the Permian Basin of West Texas and Southeast New Mexico. Concho’s legacy in the Permian Basin provides us a deep understanding of operating and geological trends, and we are actively developing our resource base by utilizing large-scale development projects, which include long-lateral wells, enhanced completion techniques and multi-well pad locations, throughout our operating areas.