AVSIG: Delta Buying an Oil Refinery? wwswsigarch.jpg (7236 bytes)

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Bill Bridges - 9S1
Top Gun


Reged: 05/17/04
Posts: 6008
Loc: 9S1
Delta Buying an Oil Refinery?
      #339783 - 04/04/12 08:17 PM

CNBC is reporting that Delta is trying to buy an Oil Refinery .

the other bill


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Paul Millner [OAK]
Top Gun


Reged: 01/12/03
Posts: 675
Loc: Oakland CA
Re: Delta Buying an Oil Refinery? [Re: Bill Bridges - 9S1]
      #339806 - 04/05/12 09:52 AM

Seems like a stretch on corporate competency... Though a little more CRM never hurt any refinery. Come their first FCC fire, though, how's Delta management going to decide what good looks like?

Been down this road before... In the 70s the railroads had this bright idea. Didn't work out.

Paul


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Kcid LlirreM
Top Gun


Reged: 05/15/04
Posts: 4768
Loc: Chuckey, TN
Re: Delta Buying an Oil Refinery? [Re: Paul Millner [OAK]]
      #339810 - 04/05/12 10:10 AM

My thoughts also, Delta would be better off buying some oil production like American did in the 80's.

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Stephanie Belser-2
Top Gun APC


Reged: 04/28/04
Posts: 7139
Loc: KFAM
Re: Delta Buying an Oil Refinery? [Re: Paul Millner [OAK]]
      #339834 - 04/05/12 06:23 PM

Continental Can bought an insurance company in the `70s. One of the company veeps expressed opposition by commenting: "We know how to make stuff. What the hell do we know about insurance?" The financial machinations of that acquisition and some subsequent ones ended up destroying the company.

Delta knows how to move stuff by air. They ought to stick to what they're good at.


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Randy Sohn
Gradn Exlated Ordre of teh Fyling Fingres


Reged: 08/31/01
Posts: 23187
Loc: Savage, MN - U.S.A.
Re: Delta Buying an Oil Refinery? [Re: Stephanie Belser-2]
      #339838 - 04/05/12 08:27 PM

Quote:

ought to stick to what they're good at.




Going bankrupt? ;)

best, randy


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Jeff Hartmann CIC
Top Gun


Reged: 05/18/04
Posts: 7323
Loc: Chico,CA
Re: Delta Buying an Oil Refinery? [Re: Stephanie Belser-2]
      #339846 - 04/05/12 09:33 PM

Is that what happened to Continental Can? When I was about 13 hanging around Morristown airport, they had a hangar and flight department, may have had the first corporate Jet on the field.

--------------------
Jeff

nothing clever to say right now...


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Scott Dyer [HPN/NY]
Top Gun


Reged: 01/11/03
Posts: 20065
Delta Buying an Oil Refinery? [Re: Jeff Hartmann CIC]
      #339850 - 04/05/12 09:47 PM

Jeff --I used to do work for American Can, but that was in the day when it
was closing plants and downsizing, and around the time that it bought some
chintzy mail-order outfit that I couldn't understand at all. The can (and
tube, a la toothpaste) business was interesting on the trips I took, spots
like Wausau (should have stopped in to see Gil, my only flights on
Republic), Tampa and Geneva, NY.

--------------------
www.scottdyercfi.com


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Randy Sohn
Gradn Exlated Ordre of teh Fyling Fingres


Reged: 08/31/01
Posts: 23187
Loc: Savage, MN - U.S.A.
Re: Delta Buying an Oil Refinery? [Re: Jeff Hartmann CIC]
      #339854 - 04/05/12 10:14 PM

Quote:

Continental Can?




IIRC, didn't they have a LB-30/B-24A also? That's the Lib that we have now, went to Pemex in Mexico after CC had it.

best, randy


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Ray Tackett
Top Gun


Reged: 04/30/04
Posts: 8892
Loc: Philadelphia, USA
Delta Buying an Oil Refinery? [Re: Stephanie Belser-2]
      #339855 - 04/05/12 10:44 PM

Yup. Ever read "Up the Organization" by Robert Townsend? When he was head
of Avis, he asked the board what business Avis was in. The answer was
"renting cars without drivers". Given that, he got rid of a tour bus
subsidiary, a limo service, and a bunch of other businesses which were
irrelevant to that objective. It was part of the turnaround to "We're only
number two, but we try harder" which made Avis a worthy competitor at the top
of the market.

--------------------
Ray,

Owner, Lake Wood Be Gone

Turning quality lumber into sawdust and noise since 2013.


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Ward Miller POU-NY
Top Gun


Reged: 05/05/04
Posts: 10508
Loc: New York
Delta Buying an Oil Refinery? [Re: Scott Dyer [HPN/NY]]
      #339856 - 04/06/12 05:34 AM

Scott, Continental Can also had a plant just inside the south entrance to
SWF. I did not realize they had gone belly up. Don't know what happened to
the plant; haven't driven by it in years. They employed quite a few people
there.


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