### Comment:
What reason do you see in them not asking for $74? They can get that if they walk away to Oxy. 
  
 I see $74 as a floor for the price and it is above current. Worst case they ask $74, we trade flat and I exit calls that are dated a month out for a minor gain (in at 72)

### REPLY:
I still think there is some risk you may be overlooking.  I haven't seen that Chevron is willing to get in a bidding war.  This is not an all cash transaction.  Chevron seems to be under the impression that shareholders would rather have there stock than OXY.  I don't think it's a given they even match OXY's offer.  There are also reports that major shareholders of OXY would vote against the buyout.  They can ask for $74 all they want, I don't think it's a given they will pay whatever they ask.

### END.