It is true, however, that the group paid full price for CrownRock. Earlier this year, with oil and gas prices still at high levels, the sale of the latter was envisaged at valuation levels 20% to 30% lower than the amount paid by Occidental two days ago. Without a rapid recovery in crude oil prices, it will be difficult to make the operation profitable. This situation has prompted critics to point out that Occidental was undoubtedly caught out by the famous FOMO syndrome - "Fear Of Missing Out". Occidental has already promised rapid deleveraging through asset disposals, and speculation is rife as to which ones. On the face of it, it won't be anything in Texas or related to OxyChem's lucrative refinery-chemicals business, so we're betting on offshore assets in the Gulf of Mexico, or "unconventional" onshore assets in Colorado.