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Occidental Petroleum Corporation Message Board

  • patient_lt_investor patient_lt_investor Sep 26, 2013 9:33 AM Flag

    Wells Fargo Upgrades OXY

    Occidental was upgraded at Wells Fargo to outperform. Company can unlock value through restructuring, Wells Fargo said.

    So, even though OXY is at $93.60 a share, it may have a lot more room to move higher.

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    • If OXY management provides on single concrete detail about an action, this thing will rise $5. But it must take a lot of buying to move this stock. By so few on message board doesn't look like many individuals own this stock. 800 million shares - a lot of shares so takes institutional buying to move the needle. Been a lot of upgrades to buy. The word is getting out maybe.

      But what I can't figure out is how Facebook with potentially 2,400,000,000 shares authorized and 1.4 billion outstanding is worth so much. Of course no one has to work to make money there--no one has to lay pipe or get mud for the drilling. It's hardly any work at all! There is no magic in what this company does. My point is that if we all had our money in Facebook over the last year we'd be up 150% whereas OXY is about at zero. They have got to do something to release value. It's show me time because money managers can make money investing in almost ANY other stock EXCEPT OXY and look better. Frankly I'm tired of waiting tired of losing. But will reassess in January. OXY needs some magic!

      Sentiment: Strong Sell

      • 1 Reply to saving_to_retire
      • You haven't been in the game long enough. IF if and IF....I I had bought Apple at $50 when it's 1st generation I-pod came out I'd would have been retired at 40. OXY is a cash cow my friend and its action is affected by the fluctaions of world markets. Where were you when OXY was 15, 25, 50, 115, split, and now back up to 95. Ya must of got in at 89. Facebook - outside of advertisments, how does it make $? What's driving it now?

        Sentiment: Strong Buy

 
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