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Occidental Petroleum Corporation Message Board

bryanyoung426 4 posts  |  Last Activity: Apr 28, 2013 1:07 PM Member since: Apr 7, 2013
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  • Reply to

    OXY Board Must Go

    by bryanyoung426 Apr 22, 2013 8:31 AM
    bryanyoung426 bryanyoung426 Apr 28, 2013 1:07 PM Flag

    Based on the 10k, investor presentations and earnings call discussions, it doesn’t seem like the ME is the cash cow that it used to be. With the reduced costs in the US operations this year with respect to last year, I would think the US will generate a lot more cash than the ME. Where are you getting your data? With respect to Mr. Irani, it seems like he is in the process of sealing his own fate. His attempted coup as documented by the Wall Street Journal and New York times has created incredible uncertainty for the stock. With the cost turnaround, the stock should have gone up considerably but since Irani and the Board have decided to play games, thus irresponsibly negatively impacting our value, I think they all should go. One of the most highly compensated Boards in all of America has botched the coup and now are scrambling to try to explain their inexplicable decision to suddenly try to replace Chazin, who has added much more value to the company than the higher compensated Chairman has done. None of their actions make sense so I again stand by my conclusion that they all must go. They are playing too loose with my investment and I don’t appreciate it. Apparently, the investment community agrees as ISS and Glass Lewis have recommended a vote against Irani at the Annual Meeting. On the other hand, major investors such as the California Teachers Credit Union and First Pacific Advisors, along with others, have come out publicly supporting Chazin. Enough said!!!

    Sentiment: Hold

  • Reply to

    Cretaceous potential in the GOM

    by cmasimmons Apr 26, 2013 9:39 AM
    bryanyoung426 bryanyoung426 Apr 28, 2013 12:32 PM Flag

    Thanks for the heads up on this.

  • bryanyoung426 by bryanyoung426 Apr 22, 2013 8:31 AM Flag

    Some people on this message board are erroneously referencing Irani as the CEO. As a reminder, Irani is the Chairman, and owner of the Board. He directs them. They do exactly what he tells them to do. Even Margaret Foran is also now owned by Irani since she joined in with the "unanimous" statement that the entire Board is supporting the replacement of Steve Chazen. There are only a few days left to vote them all out. There obviously is discord in the Boardroom. Otherwise, they wouldn't have denied it. The discord is caused by Irani's attempt to oust Steve Chazen. If he is successful, the stock will never recover.

    Sentiment: Hold

  • Reply to

    Earnings are as expected

    by trekyy Apr 22, 2013 8:15 AM
    bryanyoung426 bryanyoung426 Apr 22, 2013 8:18 AM Flag

    The drop today, if it occurs, is not CAT's fault. Give them a chance.

    Sentiment: Hold

OXY
95.89+0.08(+0.08%)9:45 AMEDT

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