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OCCIDENTAL PETROLEUM CORPOCCIDENTAL PETROLEUM CORPOCCIDENTAL PETROLEUM CORP

OCCIDENTAL PETROLEUM CORP

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OXYP trade ideas

Oil ComparisonsOXY has the majority of its EV tied up in oil/gas and with the recent OPEC fallout it may make sense as a long. More research on extraction costs should probably be done because there may be a serious problem for the firm if oil prices are kept low and operations are not profitable. A minor portion of noncurrent assets is in chemicals and marketing but not enough to say it will determine where the firm will go in terms of price. Carl Icahn increased his stake to 10% but this may have been more of averaging down his position since he originally entered near ~$60 a share or in that region so buying in at around $14 a share would mean more control in the firm for less of an investment. Short term I expect dividends to be slashed, I will be very surprised if they post net profit at the next earnings as the oil price shock should have killed their margins. Intermediate to long term, potentially an acquisition target for and XOM or CVX (my guess is CVX because of the Andarko swipe) but it's hard for me to see what else bad can come out for the firm. Oil prices being slashed is likely the worst possible thing and with the coronavirus disrupting trade it really makes sense for OPEC to collude in order to fund government aid. Saudi Arabia/Russia don't have too much of a problem with the outbreak but with decreases in travel and commerce due to governmental bans externalities may force both back to the table. Or at the least create a stronger incentive for collusion as both will have a need to financing
NYSE:OXYLong
by jamesggentis
A massive opportunity with Occidental PetroleumFundamentals got dented since last time I looked at this stock; however, I believe there is just a massive buying opportunity here. I am damn proud of how I labelled the structure. The count is hot from the press, and I did not sit on it, so further updates and fine-tuning is possible. Please do shout if you see that I violated any EW rule. Always helpful. Your occasional comments, alternative views about EW technique is the way I learn.
NYSE:OXYLong
by Fomenka
4
Occidental Petroleum Corp. Oversold Bounce Potential $oxy Average analysts price target $48 overweight Yield 9.65% Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil & Gas, Chemical and Midstream & Marketing. The Oil & Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream & Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide and power. It also trades around its assets, including transportation and storage capacity. The company was founded in 1920 and is headquartered in Houston, TX.
NYSE:OXYLong
by Bullishcharts
Signs of reversalsTaking a look at this down trending stock we can see that each lower low becomes less and less with the macd histogram becoming progressively smaller. If we take a look at the RSI it is bullishly diverging a lot as notes by the higher lows on the rsi and the lower lows on the price action. If we take a look at the pattern that it is forming it seems to be a falling wedge so a break out may be soon, especially if a some good new for oil comes to mind. Moreover Warren buffet purchased shares of this company at a much higher price, so while I lack in my ability for fundamental analysis, I think that buying a shares cheaper than Berkshire Hathaway, who are expert investors would be a be plus as well.
NYSE:OXYLong
by gNnairdA
OXY / Long Term Long Position!Extended my Energy Portfolio with Occidental Petroleum Corp shares. Fundamental: I will stick to my opinion and investment strategie by adding this asset to my list. I personally think that nearly every energy-related stock is trading unter it's actual value . Revenue in 2019: Q2: 8543 mio USD Q3: 5743 mio. USD Profit both positive minus nearly the same costs. Technical: Support: 38.500 RSI(14) 61,443 BUY STOCH(9,6) 67,992 BUY STOCHRSI(14) 78,901 Overought MACD(12,26) 0,190 BUY ADX(14) 29,425 BUY Williams %R -22,727 BUY CCI(14) 117,1167 BUY ATR(14) 0,2536 low volatility Highs/Lows(14) 0,1743 BUY Ultimate Oscillator 56,784 BUY ROC 1,331 BUY Bull/Bear Power(13) 0,5600 BUY
NYSE:OXYLong
by Christian-Georgi