True Crime Analysis, Breakthroughs, Insights & Discussions Hosted by Bestselling Author Nick van der Leek

Year: 2019 (Page 9 of 42)

One year after committing triple murder Chris Watts says he’s tormented by what’s he’s done – he’s not

Just one month ago – literally one month ago – on July 16th, Oxygen reported on Watts’ attitude to critics. This is what he said:

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You may recall six months ago, when Coder, Lee and Baumhover went down to Dodge Prison in Wisconsin, Watts had already forgiven himself. Thanks to God. This is what he said:

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It doesn’t sound like a guy that’s tormented by anything does it? In fact, Watts was so casual talking about what he did to his family, that has tormented the lead Detective into quitting. On his first morning back from that interview, Baumhover broke down sobbing, at his kitchen table. This was the first time Baumhover’s wife had ever seen him cry. If anyone’s torment in this case is real, it’s Baumhover’s.

One year after the Christopher Watts case

He’s quit his job becuase of the Watts case. He’s isolated himself. Watts is entertaining flocks of female fans and apparently working on a book.

Compare that to Watts who minutes after murdering and burying the bodies of his family, managed to work side-by-side with his colleagues, none of them suspecting anything. His Sermon on the Porch is Exhibit A in how nonchalant Watts was. Of all the people involved, including Nichol Kessinger, it’s fair to say Watts appeared to care the least about what had actually happened.

True remorse is when you shed a tear. When the emotion isn’t just visible, but visibly overwhelming. That’s the first part of it. True grief is when you’re honest about what you’ve done. The honesty exposes the grief, the true, real, raw emotions. You can’t have one without the other. We’ve never seen Watts truly break down. Although some will argue this point, we’ve never seen Watts be completely honest either. Probably, he doesn’t know how.

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The word forgive appears four times in the CBI Report. Watts even claimed that while he was murdering Shan’ann, she was praying for his forgiveness. If that’s not sick and twisted – and this is months after the incident, when he’s had time to figure things out – I don’t know what is. But it’s not the first time I’ve seen a murderer offer clemency to himself on behalf of his permanently silenced victim, the person he silenced.

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Watts is a liar and a murderer x three. He will always be. He lied to everyone. Please don’t be so naive to ever believe a murderer’s lies. Not all liars are murderers, but mark my works, all murderers are liars, through and through.

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Connor Betts’ Motive is No Mystery

Going by the numbers, there’s a mass shooting on average each day, every day, in America. And each time one happens, the story is the same. Why? No one knows why.

Following the worst mass shooting in US history in Las Vegas in 2017, the FBI, the media and experts simply couldn’t explain what had possessed Stephen Paddock to do what he did. He didn’t leave behind a suicide note, or a manifesto, so authorities and the public were left completely in the dark about WHY. If he didn’t tell them why then there was no way of knowing.

This is crazy thinking. Just as a single crime scene speaks encyclopedic volumes about a single criminal and his psychology [criminal and otherwise], each mass shooting is an enormous canvas open which the shooter screams his message to the world. So given the expressionism that is the mass shooting, it’s a tragic and unfathomable  irony that the world seems to respond by going: “Why…?”

It’s not clear whether the heartache or deluge of information following these massacres addles the minds of pundits, experts, parents and friends. I suspect it’s a combination of this and something else, something more selfish, akin to self-preservation. Those connected to these killers don’t acknowledge what they know, instead what they do amounts to handwringing.

After the Las Vegas shooting I noticed the same thing happening again and again. Another slaughter, followed by nobody having a clue how or why this could happen. Some would say the perpetrator was bullied followed swiftly by others saying they’d been bullied. Invariably it was simultaneously no one’s fault and everyone’s fault. Finally the muddle would subside into a general sense of the shooter as a monster, invariably suffering from some undiagnosed mental illness, until going on to the next one. The next one was Nikolas Cruz.

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The Parkland school massacre happened on Valentine’s Day 2018. By August of the same year, cops and lawyers still couldn’t say why it had happened.

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Those close to him, schoolmates and such, claimed [either falsely or because of ignorance] there were no signs of aggression.

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When the media couldn’t fathom a motive they switched to mental illness.

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One wonders why Cruz’s girlfriend didn’t simply come forward and inform the authorities openly and candidly about what he’d told her.

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In early 2018 I wrote SLAUGHTER, a 522-page book profiling the worst mass killers in America and the world [most of them happened in America]. Included in these profiles were Stephen Paddock, Nikolas Cruz and Adam Lanza [Sandy Hook]. It was really through Adam Lanza, who received a lot of psychological care and assessments, that I was able to unlock the deceptively simple dysfunctional psychology at work.

I still consider this to be my best research, and my greatest contribution to the true crime genre. It turns out that a basic profile fits every shooter.

I’ve used the expertise and insight gathered in SLAUGHTER to thin-slice the Connor Betts shooting. As more and more information comes to light, there’s more confirmation of the motive published on August 4th in this $0.99 22-page treatise.

I wanted to get this information out there ASAP to rubbish this notion in the media, by the cops, by experts, and by others, that we don’t know what the motive is, or that the motive is couched in mental illness [as his girlfriend recently claimed].

I also wanted to illustrate that we don’t need hundreds of files and affidavits to work with before we start speculating on why. More than six months after Nikolas Cruz released a hail of gunfire on Valentine’s Day, people still couldn’t say what his motive was. And yet it was clear from the beginning, the vital clue in the day he chose to execute his rampage – Valentine’s Day. The crime itself speaks volumes in that department – in terms of when, where, how it happened, how the perpetrator is dressed, and important, the victimology. In this case, his own sister.

Something else that needs to be addressed, which I’ve already alluded to above, is the degree of honesty of the parents and friends of these characters. Typically we’ll see family members and those closest to them hand-wringing, painting a portrait of their own ignorance or benign innocence. This is understandable; they feel exposed and vulnerable and guilty to be closely associated with someone who has done something so heinous. But to cover this up is to be an accessory – of sorts – after the fact.

For as long as those close to these killers keep their secrets, and hide who they truly were, we as a society will remain in denial about the motives behind these massacres. Isn’t it time for society and the individuals involved in these tragedies to get back to old-fashioned values – honesty above appearances?Fullscreen capture 20190807 144702Fullscreen capture 20190807 144822Fullscreen capture 20190807 144954Fullscreen capture 20190807 145107

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More: A Week Later, Stephen Paddock’s Motive Still a Mystery. Really? 

Bestselling True Crime Author provides motive for Las Vegas gunman Stephen Paddock [UPDATED]

Full statement from Adelia Johnson, ex-girlfriend of Connor Betts

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Dayton gunman Connor Betts’ ex-girlfriend reveals he showed her a video of the Pittsburgh synagogue mass shooting on their first date and took her to a gun range before they broke up in May – Daily Mail

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Former girlfriend of Dayton shooter saw warning signs, struggles with mental illness – Today.com

Dayton Shooting: Nicholas Cumer, 25

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Chris Watts: How bad journalism fucks up the true crime time machine

Over at CrimeRocket II I’ve been doing a day-by-day recap of this case [follow #1yearagotodayCW or on Twitter at #yearagotodayCW]. The time machine is a useful, and powerful methodology to analyze these cases, in particular the hard-to-see family dynamics.

Journalism is great when it’s providing reports at the time, especially in the hours and first few days after a crime. But then the media gets afflicted with its typical ADD and it becomes lazier and less effective over the long term. Over the even longer term, this laziness can lead to a lack of accuracy, and eventually can start to distort or impinge on the facts as they happened. Here’s a case in point.

Chris Watts Update: Neighbor Says They Seemed Like A ‘Normal, Everyday” Family – International Business Times

Going by the headline alone, this looks like a topical update, doesn’t it? Some new news on the Chris Watts case, right? The article is dated July 31st, 2019. In fact the article is recycled from an interview conducted more than six months earlier. CrimeRocket blogged about it at the time.

Dr Oz Interview with Chris Watts’ Neighbor Nate Trinastich: 5 Key Insights

Oxygen also covered it in mid-January 2019:

The Neighbor Who Suspected Chris Watts From The Beginning – Oxygen

And the source is here, which refers to the “original” airing in mid-January 2019:

What Drove Chris Watts to Kill His Family? – Dr. Oz

So what, you might say. An article was resuscitated and recycled six months later, what’s the big deal?

Just this:

In the interview, Trinastich explains that the Watts family seemed like a “normal, everyday” family.

“Shanann was always really friendly. She came over, welcomed us to the neighborhood. The girls were always running around laughing, having a great time,” Trinastich said on the show. Watts, on the other hand, had a different demeanor than Shanann, Trinastich explained. He said, Watts was “real quiet” and sometimes was somewhat “standoffish.”

“There were times where he just didn’t want to wave or didn’t want to say anything, but usually he was nice.” Trinastich told Dr. Oz that Watts and Shanann “didn’t fight any more than any other couple,” but because his home was close to theirs, he could often overhear their arguments.

“They had a couple confrontations that I happened to see, but it was never him being a big, huge monster,” he said. On the day that Shanann and her daughters were murdered, Trinastich can be heard telling police on bodycam footage, according to KCNC-TV, a CBS affiliate in Denver, that he “heard them full out screaming at each other at the top of their lungs.” Trinastich tells the police that Watts “gets crazy.” The couple reportedly was fighting over Watts’ wanting a divorce so he could be with his mistress.

Going by this article, apparently the neighbor thought it was normal for Watts to be standoffish. But it wasn’t normal. He was introverted, yes, but he only became standoffish towards his wife in the first week of August, a week before the murders, while he was in North Carolina [when the neighbor wasn’t present].

It’s also a misappropriation of the facts to say the couple “was reportedly” arguing because he wanted a divorce to be with his mistress. Shan’ann never knew about Kessinger. That was why she murdered – to prevent her from knowing.

In terms of the neighbor’s appropriation of the term, what’s more likely is that by January Trinastich had read some of the discovery, and perhaps heard some of the media reports himself, and so adopted this term standoffish.

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The term first enters the media narrative around August 21st, 2018 when Michelle Greer – who saw the couple in Myrtle Beach – thought Watts appeared standoffish.

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Then the Daily Beast [citing the Greer account], repeated it ten days later in an excellent article dated August 31st.

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There’s also Nickole Atkinson who, though she never uses the term standoffish, refers to the general theme of Watts not acting in a loving manner towards Shan’ann. The way ABC frames it [1:30 in this video], Shan’ann either told her this [which she did, and we know when she did] or Atkinson observed it firsthand [which she likely didn’t]. It’s unfortunate ABC aren’t more clear on the circumstances surrounding Nickole getting this insight.

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But there’s also another fairly obscure reference to standoffish. Guess where it comes from?

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The standoffish reference in WRAL.com’s account is from Aberdeen, North Carolina, and comes from inside Hair Jazz, the hairdresser where Shan’ann’s mother worked. Ironically it’s Sandi’s co-workers who’re telling the media that Watts appeared standoffish, not Sandi herself.

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The date of this article from WRAL.com is August 16th, just three days after the murder and a few hours after Watts’ arrest. It precedes all the media references mentioned above by at least 5 days.  It’s even possible Michele Greer, who lives in North Carolina, read or saw the local content and adopted the term herself. Other media rebroadcast this term, some swapping the word standoffish for aloof.

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In criminal psychology semantics matter, and there is a world of difference between standoffish [which is distancing] and aloof [which can mean arrogant, which Watts was not, certainly not in an obvious way].

Taken together, what does this all mean? It means the standoffishness took root in North Carolina. This also suggests the premeditation began to germinate there. By quoting, misquoting or appropriating these words, the media collaborate in muddying the timeline, and making it harder to see when things happened. Eventually the narrative becomes so polluted by this mixing process, it requires a True Crime Rocket Scientist to unravel it.

Crime News – July 2019

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July 31st, 2019

1. #28 July 31st, 2018: When Chris Watts arrives at the airport in North Carolina, an alarm can be heard sounding in the background #1yearagotodayCW – CrimeRocket II

2. Already Married! Amanda Knox Secretly Wed Writer Chris Robinson In December – Radar Online

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3. Wife killer Jason Rohde wants bail to stop ‘hostile takeover’ of his company – News24

4. US teen accused of killing Italian police officer was charged over an assault in California – CNN

5. New suspect in JonBenet Ramsey murder case as serial killer theory emerges – The Miror


July 30th, 2019

1. #27 July 30th, 2018: Resetting Settings + Writing Love Letters #1yearagotodayCW – CrimeRocket II

Anadarko Petroleum sheds new light on Occidental finances ahead of vote – CNBC

Anadarko Petroleum Beats Profit Estimates on Higher Output – Oil and Gas 360

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2. Santino William Legan: 5 Fast Facts You Need to Know – Heavy


July 29th, 2019

1. The special Capturing Chris Watts is an inside look at the disturbing case of a father who killed his own family for the sake of an affair.

#26 July 29th, 2018: “You’re out of it from Playing” #1yearagotodayCW – CrimeRocket II

2. Gilroy Shooting

Suspect Identified in Mass Shooting at Gilroy Garlic Festival. Here’s What We Know So Far – Time

3. The end of a difficult road – Van Gogh Museum


July 27th, 2019

1. #24 July 27th, 2018: Friday #1yearagotodayCW – CrimeRocket II

2. Body of Colorado girl missing for 34 years found at pipeline site – CNN

3. DA’s Office: Death penalty off the table in slaying of Kelsey Berreth – The Gazette


July 26th, 2019

1. #23 July 26th, 2018: Money, Security and a “Good Mood” #1yearagotodayCW – CrimeRocket II

2. Remains Found Of Jonelle Matthews, Girl Who Disappeared In Greeley In 1984 – CBS Local


July 23rd, 2019

1. The family of Shan’ann Watts is addressing ‘constant harassment’ they say they’ve received from the public – Denver Post

#20 July 23rd, 2018: An Average Monday #1yearagotodayCW – CrimeRocket II

2. Two missing Canadians are now suspects in the deaths of three people – CNN

3. Investigator arrested for stealing Marc Batchelor’s phone – Citizen

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4. INCEL: Elliot Rodger’s Twisted Manifesto [Pages 77 – 83] – CrimeRocket II


July 19th, 2019

1. #16 July 19th, 2018: An Unidentified Contact #1yearagotodayCW – CrimeRocket II

2. Howard Stern tells Kim Goldman: O.J. Simpson should be thrown off Twitter – USA Today


July 18th, 2019

1. #15 July 18th, 2018: Introducing The Secret Calculator #1yearagotodayCW – CrimeRocket II

#14 July 17th, 2018: “Just North of Roggen”: Photos of Flowers, and a pair of brand new Work Boots #1yearagotodayCW – CrimeRocket II

Nearly a Year After She Was Murdered by Her Dad, Today Would Have Been Celeste Watts’ 4th Birthday – People

Chris Watts Took Photos of Daughters Before Their Deaths & Now Blames Murders on Mistress – CafeMom

2. Charge against Kevin Spacey dropped after alleged victim pleads the 5th – CNN

Interesting defense – that there is exculpatory evidence on the accuser’s phone. Well, what about on the defendant’s phone?

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July 16th, 2019

1. #13 July 16th, 2018: Fairy Tale, but with Interruptions #1yearagotodayCW – CrimeRocket II

Chris Watts Wants To ‘Make Up’ For Killing His Wife And Children, Friends Say – Oxygen

‘Their Words Should Be Like Wind’: Chris Watts Tells His Mom To Ignore His Critics – Oxygen

Just published!

Why Do Women Fall For Bad Boys?

The Plunder Youtube channel seems to have been shut down.

2. JonBenet Ramsey’s Ex-Photographer Caught Downloading ‘Inappropriate’ Images – Daily Mail

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3. Marc Batchelor murder: Everything we know about the suspects so far – The South African

4. American scientist killed in Greece was raped, say police – CNN

American scientist who went missing on Crete was asphyxiated, Greek police say. Homicide investigation launched – CNN


July 13th, 2019

1. Chris Watts says he is a ‘servant of God’ – Crime Online

‘I’m Still A Dad! I’m Still A Son!’ Chris Watts Claims He’s A Changed Man – Oxygen

https://www.oxygen.com/crime-time/chris-watts-claims-hes-a-changed-man-hln-special

Chris Watts accomplice theory debunked – Scott Reisch

Chris Watt’s mistress’s giggly voicemails – Daily Mail

2. Casey Anthony was once ‘America’s most hated mom’: A look back at her trial – Yahoo

Judge Lets Casey Anthony Lawyer Off Harvey Weinstein’s NYC Defense Team – NBC New York


July 12th, 2019

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1. Ahead of Slain Daughter’s 4th Birthday, Killer Dad Chris Watts Claims He’s a Changed Man in Prison – People

#9 July 12th, 2018: Can’t Sleep? #1yearagotodayCW – CrimeRocket II

2. True Crime: Breaking News: Gruesome New Details In Missing Mom Kelsey Berreth Case – Was She Killed In Front Of Her Toddler? – CBS Local

3. “I know the facts better than anyone.”

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July 11th, 2019

1. “Like, he snapped” – Chris Watts Special on HLN – CrimeRocket II

#8 July 11th, 2018: Before and After Work Calls, and All Smiles on Social Media #1yearagotodayCW – CrimeRocket II

2. 11 years ago today:

Citing new DNA tests, prosecutors cleared JonBenet Ramsey’s parents and brother in the 1996 killing of the 6-year-old beauty queen in Boulder, Colo. 

But should they have been cleared?


July 10th, 2019

1. #7 July 10th, 2018: Nut Gate Aftermath #1yearagotodayCW – CrimeRocket II

ABC 20/20 | THE DEVIL IN DISGUISE – BitChute

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2. Massachusetts teen sentenced to life in prison in classmate’s beheading – CNN


July 9th, 2019

1. #6 July 9th, 2018: Nut Gate: “My heart is still racing 30 mins later and tears of anger…” – CrimeRocket II

Murders of Shanann Watts and her two daughters, Bella and Celeste, by Chris Watts spotlighted on 20/20 On ID – Monsters&Critics

2. Australian gender reveal party goes wrong as car bursts into flames – CNN

Officials release video from gender reveal party that ignited a 47,000-acre wildfire – CNN

3. If Famous Painters From Art History Were Modern-Day Urbanites – MyModernMet


July 8th, 2019

1. Is this where the Watts children breathed their last?– CrimeRocket II

#5 July 8th, 2018: The Day Before Nut Gate #1yearagotodayCW– CrimeRocket II

2. Scott Nelson takes the stand AGAIN and declares “I am a homicidal maniac”.

3. Jeffrey Epstein had vast trove of lewd photos of young-looking girls, prosecutors say – CNN

At a news conference Monday, prosecutor Berman and FBI Assistant Director in Charge William F. Sweeney Jr. cited the Miami Herald’s reporting last November in helping to make the case.

“I will say that we were assisted by some excellent investigative journalism,” Berman said. “When the facts presented themselves — as Mr. Berman hinted at — through investigative journalist work, we moved on it,” Sweeney said.190708153148-jeffrey-epstein-donald-trump-file-restricted-exlarge-169


July 7th, 2019

1. #4 July 7th, 2018: Watts takes Kessinger to the late show of Jurassic World Fallen Kingdom, and Shan’ann can’t reach him… #1yearagotodayCW – CrimeRocket II

Drone Photos of CERVI 319 – CrimeRocket II

Do you want to request information on the Watts case? Here’s how – CrimeRocket II

2. A 70-year-old marathoner hounded by cheating allegations is found dead in a river – CNN


July 6th, 2019

1. #3 July 6th, 2018: Sort out the Vivint sensor BEFORE I FLIP, plus pizza in Spring Lake #1yearagotodayCW – CrimeRocket II


July 5th, 2019

1.Chris Watts:  YouTuber Releases Tranche of New Photos from Weld County

#2 July 5th, 2018: Bella and Ceecee in Aberdeen, playing in a summer rainstorm #1yearagotodayCW – CrimeRocket II

The telephone conversations between Watts and his wife are one of the few areas we know virtually nothing about.

2. What Casey Anthony Is Up To 10 Years After Daughter Caylee’s Disappearance.

3. Scott Nelson verdict: Guilty of 1st-degree murder in kidnap, killing of Jennifer Fulford – Orlando Sentinel

‘I wasn’t planning on killing this woman:’ Scott Nelson testifies in caregiver’s death – WFTV

Scott Nelson trial coverage:


July 4th, 2019

1. #1 July 4th, 2018: Chris Watts and his mistress have a flaming row #1yearagotodayCW – CrimeRocket II

For the next 5 weeks, CrimeRocket II will be doing a recap of the Chris Watts case timeline during the summer of 2018 based on references in the Discovery Documents and the CBI Report.

2. Should schools and buildings be torn down after mass shootings? Columbine looks to others as it struggles with trespassers – Colorado Sun

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3. Far-right arsonist sets himself on fire as he attempts to burn down synagogue – CNN


July 3rd, 2019

1. Seeing Double? Rebecca’s Height at the Door – CrimeRocket II

Exclusive: News 8 reenacts the Coronado mansion mystery – CBS8

2. Meredith Kercher’s Killer Rudy Guede Granted Day Release From Prison – International Business Times


July 2nd, 2019

1. Chris Watts Reveals New Details About How He Murdered His Family – Crime Time

Christopher Watts describes killing his daughters in chilling jailhouse interviewing – CBS

2. Jason Rohde granted leave to appeal conviction and sentence for killing wife – News24

July 1st, 2019

1. Coming Soon in July…

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2. DEATH AT THE MANSION – The Final[e] Analysis [Part 3 of 3] – CrimeRocket II

Rebecca Zahau & Max Shacknai, PART II – Apple Podcast

3. Billionaire Carl Icahn steps up his fight with Occidental over Anadarko deal – CNBC

Icahn, one of industry’s most powerful activist investors, cast himself as one of the deal’s most fervent critics by charging that Occidental’s $38 billion bid for Anadarko was too expensive and could endanger Occidental’s future if oil prices sink.

The deal has been approved by the U.S. Federal Trade Commission and is expected to close in the second half of the year.

“It is important to add new directors to Occidental’s Board of Directors to oversee future extraordinary transactions like the Anadarko transaction and to ensure that they are not consummated without stockholder approval when appropriate,” Icahn said in a statement to shareholders on Wednesday.

Icahn owned a $1.6 billion stake in Occidental as of May 30. “The recent Occidental Petroleum fiasco is a great example of how CEOs and boards will go to great lengths, including ‘betting the company’ to serve their own agendas,” Icahn said in a statement about the Caesars-Eldorado merger. “If their bet is successful, they and possibly their shareholders win, but if it is unsuccessful, only the shareholders lose.”

While Icahn has said publicly that the Occidental-Anadarko deal likely would not be derailed, his filing illustrates how he wants to make sure that nothing similar happens again.  He said Occidental lacks effective corporate governance and that its directors made mistakes in how and at what cost they pursued the acquisition of Anadarko, according to the filing.

Occidental Petroleum Stock Is Falling Because Merger Drama Isn’t Its Only Challenge – Barrons

Will Occidental’s $38B Gamble Be a Shale Win? – Rigzone

Occidental Petroleum, ranked 167 in Fortune 500, recently snatched victory from Chevron with a winning bid of $38 billion for one of the largest U.S.  Independent oil and gas companies; Anadarko ranked just 237, making this the largest American oil and gas merger in more than a decade and the 11th biggest ever, for an energy and power company, according to business data provider Refinitiv. 

Back in April, Chevron Corporation announced its $33 billion bid for Anadarko which was quickly superseded by Occidental Petroleum’s shut-out bid worth around 20 per cent more to Anadarko’s shareholders. Vicki Hollub, Occidental Petroleum’s CEO, bid of $38 billion was secured by $10 billion in backing from Warren Buffet, CEO Berkshire Hathaway. Buffet’s support enabled Vicki Hollub to avoid the need to put the deal to a vote of her own shareholders.

Paying for the purchase

Occidental plans to sell assets in the U.S. and Africa.  Proposed disposals include Anadarko’s pipeline business in the U.S. worth an estimated $7.5 billion, as well as its wells in the Gulf of Mexico said to be worth around US$6 billion. Potential buyers could include BP, Exxon or Shell.  The sale of Anadarko’s assets in Africa, worth perhaps $8.8bn to French oil major Total has been agreed, according to recent media reports. However, this deal needs the full approval of Algeria’s government before it can be completed.

Challenges

Having outbid Chevron and perhaps before any asset sales take place, Occidental must reduce its debt and pay an 8 percent dividend on the $10 billion of preference shares it sold to Berkshire Hathaway. The Anadarko purchase doubles the size of Occidental and will saddle the company with debts of around $50bn, in return for a business that has been failing to cover its capital spending from its operating cash flows.

Another oil price crash bringing oil below $40 a barrel could jeopardize Occidental’s financial position. In addition, there is growing public concern, backed up by recent studies by the Universities of Texas and Dallas, that the re-injection of waste water into the ground produced from fracking, could be triggering increased seismic activity in previously dormant areas. Unless the industry can reassure the public by finding a solution to prevent such “earthquakes,” public opinion could constrict further growth in fracking activity. 

The real prize

Vicki Hollub has made it clear that Occidental’s real interest lies in Anadarko’s 10,000  drilling sites in the Permian Basin, which is currently one of the world’s most productive, producing 3.8 million barrels a day at the end of 2018, according to reasearch firm Rystad Energy. In addition, the Permian is one of the cheapest places for oil drilling in the world. Some Permian drillers can make money at $40 per barrel.

Before the takeover, Occidental was already the largest owner of drilling rights in the Permian and has developed an in-depth knowledge of the Permian plays, especially the Delaware Basin. On average, Occidental’s shale wells in the region have produced 74 percent more oil in their first six months than Anadarko’s. Also Occidental expects that, with economies of scale and its scientific and logistical capabilities, to boost recovery rates of 6 percent today to at least 14 percent by employing the “huff-and-puff” method: pumping carbon dioxide into a well, waiting for a while, and then allowing the oil to start flowing out mixed with the gas.

Hopefully, things will go well for Occidental following its successful bid. Nevertheless, some investors remain skeptical of the promised productivity gains and are concerned by the possibility that policies to mitigate the effect of climate change could leave Occidental with stranded assets sooner rather than later.

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Romancing the shale: How Oxy won over Anadarko – Houston Chronicle

The documents recount the whirlwind bidding war that followed as Occidental executives jetted from Houston to Paris to Omaha, Neb. to make the deals that would allow Oxy to up its cash offer to nearly 80 percent of the purchase price and gain the consent of Anadarko’s board. As Oxy CEO Vicki Hollub said the company’s annual meeting last month, “We were not going to let it be taken away.”

The filing also disclosed that Anadarko CEO Al Walker, who has led the company since 2012, will walk away with severance package of $98 million when the merger is completed, part of $300 million to be shared among Anadarko’s six senior executives. Here is how it all unfolded:

The summer of ’17

Hollub first contacted Walker about a potential sale in July 2017. They met in August and continued the talks into September 2017, when Oxy offered close to $31 billion in an all-stock deal. In October, Walker told Hollub he questioned the logic of a deal. Hollub responded by offering a mix of cash and stock.

The Anadarko board met in mid-November 2017 to discuss the deal and unanimously rejected it, concluding that it wouldn’t boost shareholder value and the financial risks that Oxy would take on could make it difficult for Oxy to increase or even maintain dividends to investors.

On HoustonChronicle.com: Oxy CEO defends Anadarko deal to shareholders

Undeterred, Oxy made another cash-and-stock offer in January 2018, upping its bid to about $38 billion with up to half of the funds in cash. That valued Anadarko at about $76 per share. At the time, Anadarko stock was selling for more than $58 per share with a stock market value of almost $30 billion.

But with oil prices rising and confident in Anadarko’s future as as a standalone company, the board again rejected the offer in February 2018. Walker, however, let Hollub know all was not lost: an all-cash offer might still win over the board.

Throughout the rest of 2018, Hollub conveyed Oxy’s ongoing interest to Walker, but formal negotiations went dormant. All stayed quiet — until February.

Thwarting the Chevron way

Disappointed but undeterred, Oxy quietly let it be known that it had offered more than Chevron, preparing the ground for a bidding war. Oxy plotted behind the scenes, waiting until April 24 to go public with a new $38 billion offer, half cash and half stock.

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4. The secondhand harms of drinking impact 1 in 5 adults, study says – CNN

If Amanda Knox is living like this, why is she asking us for money for her wedding?

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Knox purchased a 3,650 square-foot, three-bedroom, three-bathroom home on March 13th, 2019 for $718 000. The request for public donations immediately followed her “Innocence Project” trip to Italy, in July 2019, three-and-a-half months later.

Secretly Married Amanda Knox Bought $718K Mansion Before Asking For Wedding Funds – Radar Online

Amanda Knox allegedly bought $718K home before soliciting wedding donations, according to report – Yahoo

I DO! AMANDA KNOX GETS ENGAGED TO NOVELIST BOYFRIEND CHRISTOPHER ROBINSON – Radar Online

Amanda Knox Suffers Horrific Christmas Death Tragedy – Radar Online

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