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Occidental Petroleum Corporation Message Board

guy_class_of_71 1 post  |  Last Activity: Jul 2, 2015 8:30 AM Member since: Aug 25, 2013
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    OXY (and other Oils) Doomed for 2015-2016

    by saving_to_retire Jun 18, 2015 10:51 AM
    guy_class_of_71 guy_class_of_71 Jul 2, 2015 8:30 AM Flag

    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.

    Sentiment: Hold

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