Yesterday, Merrill Lynch came out with a report that detailed what they thought the prices of various pieces would be worth. They are, admittedly, more optimistic than other brokers but if they are only half right, then there's $20 increase coming our way in next 12 months but they of course think will see increase in price much sooner than that. Very detailed report availble only to clients.
They performed a one-off comparison on various parts with other oil companies and think CEO Chazen will update investment community after board presentations "soon". Keep your fingers crossed. But small upward price movements look like there is some "nibbling" of OXY going on.
Patience, you sound just like me, sold F, JCI, GE, ADM, and Vod to name a few, only to see them go even higher after I sold, but at least we locked in profits right ? I have also held onto stocks because I got greedy, only to see my profits get flushed down the toilet.