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Occidental Petroleum Corporation Message Board

rgchjr1945 24 posts  |  Last Activity: Jul 12, 2016 1:35 PM Member since: Sep 27, 2011
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  • Reply to

    new 52 week high in sight....

    by blu10duck May 30, 2016 10:20 AM
    rgchjr1945 rgchjr1945 May 31, 2016 2:08 PM Flag

    Not if general market news is not good. In the January/February swoon the stock traded under $25 and was still under $28 when earnings were announced. We are too dependent on a federal reserve that has pretty much screwed up everything they have ever done for over 100 years. Janet Yellen is just as clueless as those who preceded her. They are a bunch of academics who belong to one school of economics or another and do not have the ability to change their thinking. Small cap stocks get hammered the worst in these idiot induced down turns. The only thing that helps is good earnings. Let us hope that when TIS reports for the 2nd quarter the rest of the market is not in a funk.

  • rgchjr1945 rgchjr1945 May 31, 2016 3:05 PM Flag

    It also looks like some competing investments have been taking some of the money going into this space in the last 6 months. Notably MCD and PNRA have increased earnings and are beating the average Street estimates while SBUX is only making the estimate. When SBUX hit $64 it also became pricey compared to it's growth rate. The valuation looks more reasonable at $54. Over the last two years the stock tripled and needs to build a new base. It is an $80 billion company making it difficult to have those huge gains necessary to support a high PE.

  • rgchjr1945 rgchjr1945 Jun 1, 2016 11:40 AM Flag

    Most of the Starbucks I have seen are all in strip malls or inside other stores like Kroger, Target etc.

  • Reply to

    new 52 week high in sight....

    by blu10duck May 30, 2016 10:20 AM
    rgchjr1945 rgchjr1945 Jun 1, 2016 11:49 AM Flag

    I own a ton of the stock and bought every time it has tanked. The dividend is good and the current CEO has a plan to go national. I am in this for the long term. Just saying that there are too many things to go wrong in the short term. As a small cap stock that is thinly traded a few idiots can send this up or down pretty quick. i agree with the CEO. On one of his quarterly conference calls he was forecasting over $55 per share.

    Sentiment: Buy

  • Reply to

    Why does lowes say they want college graduates?

    by dsc20601 May 11, 2016 4:19 PM
    rgchjr1945 rgchjr1945 Jun 1, 2016 5:07 PM Flag

    What did you major in?? or did they not care but wanted someone for their management program. I am sure they also need lawyers, CPAs, marketing folks etc.

  • WINSTON-SALEM, N.C., June 29, 2016 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today announced the board of governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions.

    The capital actions include a recommendation to increase the quarterly dividend $0.02 to $0.30, a 7 percent increase. This action will be considered by the board at its July 26 meeting. The plan also incorporates other uses of capital including the two completed acquisitions (National Penn Bancshares and Swett & Crawford) and capital distributions of up to $640 million in share repurchase transactions beginning in the third quarter of 2016.

  • Reply to

    why hasnt the CEO been fired yet?

    by aud802009 Jun 30, 2016 4:17 PM
    rgchjr1945 rgchjr1945 Jul 4, 2016 3:17 PM Flag

    The spin apparently is the only thing that Mulva did right because the old COP was poorly managed. Think about all the money that was tied up in the non-core assets that have been sold form about one year prior to the spin until today. look ay the value unlocked in the PSX part of the company. We have hit a wall with PSX but that is a function of the overall refining industry. The current CEOs of both COP and PSX are doing fine.

  • Reply to

    LMT 2.8% dividend yield authorized

    by wondering_man45 Jun 30, 2016 3:24 PM
    rgchjr1945 rgchjr1945 Jul 4, 2016 3:39 PM Flag

    This is the 4th quarter of the $1.65 divy. Based on the last 3 to 4 years and analysts's estimates of 2017, i would guess they should increase the divy at least 15 cents per quarter as a minimum. The 4th quarter announcement date is usually around the end of September with an X-dividend date around December 1 and pay s=date around Christmas. LMT has long leads with the announcements. $7.20 per year or more would be a nice payout for 2017.

  • Reply to

    Don't let the Internationalists Take Our Country

    by benderb86 Jul 1, 2016 8:07 PM
    rgchjr1945 rgchjr1945 Jul 4, 2016 3:44 PM Flag

    I do not find it incomprehensible at all. They are all self serving #$%$ who are only interested in themselves and their BS ideas. On this 4th of July I salute my fellow vets who I served with in Nam. These other #$%$ ants are takers and do not know what it is like to sacrifice.

  • Reply to

    Where's the beef?

    by wrongplaceforanwsers Apr 28, 2016 11:15 AM
    rgchjr1945 rgchjr1945 Jul 4, 2016 3:52 PM Flag

    Problems with currency which really hurts when over 50% of revenues come form abroad. Very high market share in many countries so there is nowhere to go. I don't like the CEO. The conference calls are composed of someone reading all the wonderful things they are doing that has led to no increase in value. They are not dynamic. The CEO is a care taker who wants to get by and get out eventually with all his perks before the roof falls in. They need to step up to the M&A window or sell out. Other wise CL is going nowhere for the foreseeable future. The lousy dividend increase foreshadows the future.

  • Reply to

    Watch for breakout

    by rbgmauq May 3, 2016 11:03 AM
    rgchjr1945 rgchjr1945 Jul 4, 2016 3:57 PM Flag

    So we have not seen $65.82. Now what??? Mired in the low $60's.

  • Reply to

    Cramer (Mad Money) said....

    by earthday3015 Jul 1, 2016 12:12 PM
    rgchjr1945 rgchjr1945 Jul 4, 2016 3:59 PM Flag

    So what makes it go to $50?? What is the driver?? Do you know something about 2nd Q earnings?? Because that is the only thing that will move this stock any significant amount

  • Reply to

    July 4th sales should be great!

    by dsc20601 Jul 3, 2016 10:20 AM
    rgchjr1945 rgchjr1945 Jul 4, 2016 4:02 PM Flag

    Why will be sales great. It has either rained or been miserable in the midwest all week-end. In addition huge numbers of people are on vacation and the last thing on their mind is to go to Lowes.

  • Every time I go to the dentist or the MD I always see tons of H. Schein products used by the Docs. I started a position recently and Brexit gave me a chance to pick up some on the cheap. Anybody ou there have any opinions or info to share.

  • Reply to

    Where is ABT headed ?

    by jpust47573 Jun 14, 2016 7:25 AM
    rgchjr1945 rgchjr1945 Jul 4, 2016 4:14 PM Flag

    Headed 100 miles an hour down a dead end street with no brakes and a cliff at the end!!! Seriously I own a lot of ABT and think that Miles will get this baby up. Collecting the divy while I wait. Also think the STJ deal will be a real winner and eventually propel ABT to much higher levels. I bought some for my grandchildren while it has been down.

  • Reply to

    Hillary has no business experience

    by bareazzbob May 3, 2016 2:00 AM
    rgchjr1945 rgchjr1945 Jul 4, 2016 8:36 PM Flag

    How about White Water?????

  • Reply to

    How does SE report?

    by jerseyvinny2 Jul 5, 2016 7:10 AM
    rgchjr1945 rgchjr1945 Jul 5, 2016 10:19 AM Flag

    1099 plus they mark it as a qualified dividend so you pay tax at the qualified dividend rate which can be lower than your incremental tax rate. K-1 dividends are not qualified because SEP never paid tax on the earnings.

  • Reply to

    Is anyone following Dominion Midstream?

    by jcotton15 Jun 17, 2016 11:52 AM
    rgchjr1945 rgchjr1945 Jul 5, 2016 11:19 AM Flag

    Many of the midstream MLP's have weak sponsor companies and have sold off periodically. DM is also in the same ETF's as these weak sisters so they get hammered through ETF selling. Finally, for some reason these midstreams seem to trade with oil. Makes no sense since most of the midstreams are predominantly gas related.

  • Reply to

    TIS all time high?

    by watchisle Jun 16, 2016 4:08 PM
    rgchjr1945 rgchjr1945 Jul 7, 2016 9:45 AM Flag

    Tough to be a cheer leader for this stock. When you look at the statistics about half of the shares are owned by individuals and the stock is thinly traded. For example, relatively few shares trading can send the stock significantly higher in either direction. Just the nature of these small cap companies. And it can often have nothing to do with earnings or any other news. Investers like to dump small caps when there is uncertainty in the market so something like the Brexit which a first glance should have no impact does to antsy investors.

  • Reply to

    Break up value

    by dollargod Jul 7, 2016 11:06 PM
    rgchjr1945 rgchjr1945 Jul 9, 2016 1:56 PM Flag

    Oil has been up from the bottom for most of the 2nd quarter. In addition natural gas has been over $2.50 for quite awhile which is a lot higher than earlier this year. COP still produces a lot of natural gas.

77.17-0.19(-0.25%)Aug 26 4:02 PMEDT