Watch Chazen's video which gives an example for employees or shareholders. Understand the dynamics of why CA is splitting off. They pay tax on $10B and with the spin pay tax on 1B in CA....pretty simple for me just in that respect w/o even considering all the other areas mgt talked about with CRC. Read what the analysts say....IMO w.o the split OXY is valued at around $110-115. With it and considering selling off the ME portions, $140....but I'm no pro at valuation just know OXY is a neutral at over $100 and prob a heavy buy under 90
I love the idea....I love the fact I'll have shares in both. I love the fact that OXY will now pay no CA tax on approx. $10B while the new will get an approx. $1.2B tax bill.
getting smaller and focused. Irani did something similar by dumping the #$%$ Hammer accumulated - Island Creek, Midcon, IPB beef, horses, hotels, and even hybrid rice to focus on international and domestic. Irani with the help of Gore got Elk Hills done. However over time Irani lost vision (IMO) coupled with shareholders and others suit to oust Mr Big bucks and in comes Chazen. a money man of sorts who also helped shape Irani and get the co's total debt reduced. Chazen has a different vision - splitting and selling assets including that total failure (IMO) Phibro...clearly he's listening to WS....is there a bigger plan who knows...a complete sell or spin off of what's left...maybe separate chemicals...who knows....I'm sure it will be good for a few years and maybe just maybe we get that 120/sh price
What do you think OXY should be? 100, 110, 120?. How long have ya been holding OXY? Do you realize for the better part of 25 yrs OXY sh price has mirrored Oil pirces
got robbed on this deal. What was percieved to be a great deal early on hasn't produced squat...a complete loss and a drain of value as far as I'm concerned. Dump the personal, keep the assets
who do ya think approved that comepensation package that was in his contract? I like the part that he still has 720M shares....at $90...WOW........that's a lot of CAKE
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
Cramer is a smart dude. However, realize that when he says anything about a stock - buy or sell - it's already happened for him and his trusts so you are getting the information after his actions are already completed