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Occidental Petroleum Corporation Message Board

  • alf_kingkong alf_kingkong Sep 11, 2013 8:35 PM Flag

    Re: OXY should be trading well over $100.

    OXY should be trading over $100. Only thing that holding the stock is delayed spin off. CEO should step up and go ahead with spin off. That the reason investors kick out old Chairman.

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    • First, we do not even know if their will be a spin off. There are all kinds of ways to extract value. They could do some sales and drop the midstream into an MLP. If you relied on sales they could increase funding on what is left and then buy back stock and maybe you a special dividend. To be sure this whole process is not something that will happen quickly. Think about how long it takes to sell a house for a price you can live with and then blow that up to billions of dollars of multiple properties at a price you can live with.

 
OXY
72.72-1.01(-1.37%)Mar 27 4:04 PMEDT