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1. Smaller company--easier to move the needle
2. Huge position in the Permian Basin/Texas--strong operating leverage.
3. Increased its divy by 4%+ in May. A clear show of strength.
4. Management has clearly committed to asset sales (ie, Middle East), and capital distributions to shareholders via share buybacks and/or dividend increases.
OXY is being accumulated. Anyone who wanted out has been out a while ago. The big players all ready got wind when oil nosed-dived. They have been doing all the buying in the past 2-3 months, and the little buyers like me that are smart, are buying near the lows. GL.
OXY is trading like oil is still selling for $45.00 a barrel..........What if OXY's next earnings report surprise to the upside ?
While respecting your your opinion, it appears your statement carries little merit. OXY...dead money??? Returning ~4% a year is dead money? Oil will not be the same price next year as this year. Just wait and see. OPEC is completely ineffectual as a price mover because just look at what each member is doing...trying to squeeze each other out...the primary reason why oil dropped is because of US production. The US oil really popped in 2014 and THAT is why oil went to $43, not because of OPEC influence on price. Any you said the investment community hates this company? Can you tell the board how you know that? Because the institutional ownership hasnt even changed. It stands at an amazing 81% of outstanding shares!! Individuals investors make up an insignificant part of OXY ownership. The TRADERS are moving the price up and down weekly. In fact, the institutional investors are adding OXY because the short% dropped under 1%!. When they are done, the stock will pop. I see $95+ as a real possibility next year. Also, explain why COP's price is now lower with oil at $60 than it was when oil was at $43. That said, IF you are not in OXY now, you will be chasing it later. I have positions in OXY, EOG, VLO and COP. GL
"Who knows?" Your rambling, uninformed prediction of gloom is the result of a simplistic, yet dishonesty thought process that divorces itself from all available information by which a sound, logical synopsis of current market conditions could be extrapolated.
Wait until investors start running from overvalued tech stocks with no yield, and start piling into OXY...imo
Even Jim Cramer is loading up on OXY..When investors start bailing from overvalued tech stocks they will pile into solid safe energy stocks like OXY....In my opinion OXY will be a $100.00 stock again, and in the meantime the dividend is great...
No. Oil prices will probably be choppy for 2015, but should stabilize at a realistic price in 2016. Buy low, collect the dividend, read a book.
Basic rule of investing: Buy low.
OXY pays you ~3.8% to wait for share price recovery.
Don't over complicate a simple matter.
I hate to be negative about such a fine company but this is just deader than dead money. Very few individual investors own this stock anyway. Friends I know would not touch this one now. Mutual fund managers whose jobs rely on the returns they produce cannot buy this one. It's likely a source of funds for them and I guess short sellers sell each morning and buy it back in late afternoon.
Overall it seems that every other sector but oil and oil services (and MLPs) are up on the year. We are in a price drought on this stock and rain is a long ways away. I can't help but wonder if it's not time to throw in the towel and look for gains somewhere else (like NETFLIX -- OMG). But all that other stuff couldn't exist without oil and electricity. We're cheap and Apple iPhones are dear. Good luck. I predict it will go lower yet before recovery. Christmas could be a terrible time when money managers clean up their portfolios! Who knows?