I was wrong. It's not dead money. It's just Dying money. Some of it went to money heaven yesterday and the oil glut may kill off some more. Dividend can't prevent these selloffs. I know, my friends, it will come back. I'm just saying that it's farther off than any of us would like to admit. Me included. I keep holding on and losing. But it's nothing the company can do.
There must only be a Baker's dozen of us who hold OXY stock directly and not through a mutual fund! Very quiet on this board. So either Friday's move signals that the bottom for this stock is about $85 and some programs bought on Friday or someone has heard something about an announcement of the pending restructuring. Either way, it's long overdue to have gone up. Like you, I could have put this money into something else last 8 months and made more. Dividend is nice but without stock price rise, this is a laggard this year (and last.)
"Pray to God and continue to row to shore (old Russian proverb.) Hopefully there is a change in September.