Tell you what, I like the chart on this and you have to love the negative sentiment everywhere. I think you nibble on this and be willing to take a buck loss on a stop which is very small. The bad news is that OXY seems to make a high in March or so, so if that's true this year, then this is going lower. I bot a nibble today 78.15.
Stock has been chucked out on the weakness it has displayed with strong dollar and price decline over the past quarter. I think we see this higher into the new quarter. As I said, your odds are good. Nobody can predict the future, but I could see 10 pts of upside....so you could buy, take your $1 stop three times and still have an odds favored play 10:3. You gotta take those!