The Malpaso Company

The Malpaso Company is a Texas oil company that purchases oil and gas properties and the securities of oil and gas companies, including publicly traded common stock. The company began operations as Edsel Brothers Company in 1976 by selling tax-oriented oil and gas investments. Who’s Who in American Finance and Business”, 1988 to 1992.
In 1980, the company incorporated with a group of Wall Street investors to make investments under the advisement of Kurt Wulff, the world’s leading oil and gas analyst then working at investment bank Donaldson Lufkin & Jenrette, and later at McDep, a consulting firm. Malpaso investments primarily grew under the advise of Kurt Wulff, whose recommendations from 1973 to 1986 gained a median 28% per year. During the takeover battles of the 1980s, he identified highly profitable megadeals in advance for investors. Kurt Wulff also advised Gordon Getty, Carl Icahn and Boone Pickens.
The company also relied on advise from Drexel Burnham Lambert and David Wittig of Kidder Peabody, who left for Salomon Brothers a year later. “Kidder Departures”, New York Times, April 5, 1989.
In 1988, the company, led by Texas attorney Ernest M. Edsel, made its largest transaction, the attempted $ 7.4 billion hostile takeover of oil company, Sun Company. New York Times, “Possible Sun Bid” (March 17, 1988).
The attempted Sun takeover and proxy contest resulted in more than $2 billion in pre-tax profits for Sun shareholders after Sun was forced into restructuring into Sunoco, (an oil refiner) and a oil exploration spin-off (Oryx Energy, later bought by Kerr-McGee for $ 2.98 billion). New York Times, “Possible Sun Bid” (March 17, 1988); Dallas Business Journal, "Kerr-McGee acquires Oryx Energy Co." (October 16, 1998).

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