I think it's going to be production that's cash flow and we are very targeted to basically majors that are looking to rationalize their portfolios and sell off noncore assets, particularly offshore West Africa.

Source: https://seekingalpha.com/article/4582947-africa-oil-corp-aoiff-q4-2022-earnings-call-transcript?source=feed_all_articles

Paramount’s $2.2 billion deal to sell book publisher Simon & Schuster to Penguin Random House fell through on regulatory concerns but it has made clear that’s a noncore asset and remains on the block.

Source: https://deadline.com/2023/03/paramount-global-exploring-sale-majority-stake-in-bet-tyler-perry-1235280581/

That could mean, in addition to everything else on Peltz’s wish list, the shedding of Disney’s so-called “noncore assets” to boost profits.

Source: https://nypost.com/2023/01/14/boardroom-activism-will-cause-tremendous-grief-for-disneys-bob-iger/