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To me, the real issue is what happens when OXY reaches $90, which is a major long term resistance area. If it breaks through, fine, but once OXY chugs up to $90, we could see a major pullback with profit taking.
Even at current price. OXY is over-priced, one shall take profit.
What you will see at 90-100+ is a split...and another share repurchase frenzy with additional pay-down of debt....And in Phibro, and OXY cash-cow status is well additonal gravy