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Occidental Petroleum Corporation Message Board

rgchjr1945 215 posts  |  Last Activity: Nov 25, 2014 11:03 AM Member since: Sep 27, 2011
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  • Reply to

    Bad Markets, Hong Kong, Mid East, Argentina

    by superpsiboy Sep 30, 2014 3:29 PM
    rgchjr1945 rgchjr1945 Sep 30, 2014 5:09 PM Flag

    All stocks do not trade with the market. News that will affect future earnings is what moves companies and good news has propelled this company at least in the short run. I think I bought shares a while back just under $2 and then it tanked for a while because there was really nothing new at the time. Stocks do not move on hope but in starts and stops based on news.

  • Reply to

    Dupilumab

    by scharfpark1060 Sep 30, 2014 8:16 AM
    rgchjr1945 rgchjr1945 Sep 30, 2014 5:05 PM Flag

    Nice thing is that they have lots of cash flow from existing products to sustain their R&D program. Many of the up and comers do not have that to sustain them. Their market cap is only $36 billion so they have a lot of room to grow before approaching the law of large numbers. In this industry who even knows what that can be.

  • Reply to

    Export plant gets approval.

    by moweenfarmer Sep 30, 2014 6:32 AM
    rgchjr1945 rgchjr1945 Sep 30, 2014 9:37 AM Flag

    Dominion welcomes FERC approval of Cove Point LNG Export Project (D) : Co welcomed the Federal Energy Regulatory Commission's approval to site, construct, and operate the Cove Point LNG liquefaction and export project.

    Dominion must review and accept the order. Upon completion of that review, the company expects to file an implementation plan describing how it will comply with the conditions set forth in the order. Dominion expects to ask the FERC for a "Notice to Proceed" at that time and plans to begin construction when the notice is received. This process -- from Dominion review through FERC's notice -- is expected to take several weeks.

    The construction of the export project, which is estimated to cost between $3.4 billion and $3.8 billion, will create thousands of skilled construction jobs, 75 permanent jobs and an additional $40 million in annual tax revenue to Calvert County. Other economic benefits included millions of dollars of new revenues for Maryland and the federal government as well as a reduction in the nation's trade deficit by billions of dollars annually.

  • Reply to

    ECA

    by harehau Sep 29, 2014 12:10 PM
    rgchjr1945 rgchjr1945 Sep 29, 2014 6:05 PM Flag

    1. Where did you read this?? 2. It could make some sense because they have been getting rid of non-core assets. They have been moving away from natural gas towards oil. However, they just made an aquisition today.

  • Reply to

    share price?? please.....what

    by teetime476838 Sep 29, 2014 10:12 AM
    rgchjr1945 rgchjr1945 Sep 29, 2014 10:33 AM Flag

    From NI website:

    Under the separation plan, how will current NiSource stockholders be treated? NiSource shareholders would retain their current shares of NiSource stock and will receive an equal proportion of shares of stock in CPG (NYSE: COLP). The transaction is expected to be tax-free to NiSource and its shareholders. The actual number of CPG shares that would be distributed to NiSource shareholders will be determined prior to closing, which is expected in mid-2015. In addition to final board authorization, the potential distribution of CPG shares is subject to the satisfaction of a number of conditions, and there is no assurance that such distribution will occur.

    How will the separation be financed? Prior to the separation, NiSource plans to reduce its long-term debt with the proceeds from a one-time cash distribution from CPG. CPG plans to fund this payment to NiSource by issuing its own long-term debt. Both NiSource and CPG are anticipated to have capital structures, balance sheets and financial policies consistent with investment-grade credit metrics.

  • rgchjr1945 rgchjr1945 Sep 27, 2014 6:38 PM Flag

    I have not seen that info anywhere. What products are they having trouble with and what is the source of the info? MMM has 5 divisions, Industrial, health Care, Consumer, Safety & Graphics and Electronics and Energy. Plus they manufacture all over the world and some geographic areas are soft, particularly South America and Europe. Each division does their own manufacturing and plants are scattered all over the world.

  • Reply to

    I expect a nice earnings upside

    by kudlowsflooziegirl Sep 26, 2014 3:14 PM
    rgchjr1945 rgchjr1945 Sep 27, 2014 2:41 PM Flag

    Based on what. For most of the quarter the Brent / WTI spread has been closing and is now only $4.50. Refining earnings are still the lions share of earnings and are extremely unpredictable. The average analyst's estimate is also pretty high and PSX missed by 19 cents in the 2nd quarter.

  • rgchjr1945 rgchjr1945 Sep 26, 2014 5:14 PM Flag

    Paid pumpers. Wake up and smell the roses. This stock is being taken over and is locked in to .117 x the price of WLL plus or minus a few pennies.

  • Reply to

    WATER CONTAMINATION AND FRACKING

    by sawmade7 Sep 16, 2014 4:49 PM
    rgchjr1945 rgchjr1945 Sep 26, 2014 4:58 PM Flag

    Actually in some cases fracking helps the water. Overthe last 30 - 40 million years or from the time that the huge oil and gas deposits were formed from the bones of primarily marine animals, 90% of all the oil and gas that was ever there worked its way to the service and evaporated into the atmosphere. That process is still going on and it Pennsylvania there is natural gas in the water. Drilling lateral wells and fracking sucks the gas up the well and keeps it from going into the water supply. Before wells are drilled the water is sampled so that when residents with #$%$ water sue they can compare it to pre drill results.

  • Reply to

    Get Ready - for New Closing High Today

    by gven2727 Sep 24, 2014 3:15 PM
    rgchjr1945 rgchjr1945 Sep 25, 2014 10:39 AM Flag

    So today the Market is getting roughed up pretty good. Based on your analogy we should blame CELG because it is down over $2 and therefore it is pulling the market down with it. Bottom line is do not be a cheer leader, stocks have some correlation to the market. So stocks go up and down over the long term based on earnings and cash flow, but can be volitile in the short run based on overall market conditions.

  • The HealthCare segment at Bayer (BAYRY) announced that its blockbuster eye treatment, Eylea, was approved for yet another indication in Japan. The drug was approved by the Ministry of Health, Labour and Welfare (:MHLW) in Japan for the treatment of myopic choroidal neovascularization (myopic CNV).

    Eylea’s approval in the myopic CNV indication was based on encouraging results from the phase III MYRROR study. The drug is already approved in Japan for the treatment of patients suffering from neovascular age-related macular degeneration (wet AMD) and the treatment of macular edema secondary to central retinal vein occlusion (:CRVO).

    Earlier in the month, Bayer also submitted the drug in Japan for patients suffering from macular edema secondary to branch retinal vein occlusion (BRVO) (read more: Bayer/Regeneron Looking for Eylea Label Expansion in Japan).

    Bayer has a collaboration agreement with Regeneron Pharmaceuticals Inc. (REGN) for the global development of Eylea. Per the terms of the agreement, Regeneron owns the entire U.S. rights pertaining to the eye drug. Bayer is however responsible for marketing Eylea in ex-U.S. markets. The profit earned from the sales of Eylea in those markets is shared equally by the companies. However, in Japan, Regeneron will receive royalties on Eylea’s net sales.

    Eylea has been putting up an impressive performance since its launch. The drug is approved in several countries including the U.S. for the wet AMD and CRVO indications. Bayer recorded Eylea sales of #$%$194 million in the second quarter of 2014. We expect the product to continue performing well.

  • Reply to

    Get Ready - for New Closing High Today

    by gven2727 Sep 24, 2014 3:15 PM
    rgchjr1945 rgchjr1945 Sep 24, 2014 3:36 PM Flag

    Market spiking this PM and dragging CELG with it. We have continued to inch forward even though the market has been marking time for about a month. I think CELG has modeled their financials out to 2017. As trials start to bring positive news and we move toward the end of the year, we should start to see a new view and add another year to 2018.

  • Reply to

    Press Release

    by eskays54 Sep 24, 2014 2:40 PM
    rgchjr1945 rgchjr1945 Sep 24, 2014 3:30 PM Flag

    Has precipitated a run into the $2.50's. Remember there are traders, shorties, etc in here so we may not see the total effect. But positive info on 3 different pharma products for 3 different medical problems is exciting.

  • rgchjr1945 rgchjr1945 Sep 24, 2014 12:18 PM Flag

    Before starting OTEZLA, patients should inform their doctor if they have a history of depression or suicidal behavior and if these conditions or other mood changes develop or worsen while taking OTEZLA

    Almost every new drug has this safety issue associated with it. However, many products have completely different chemistry so I wonder if this is just a general question that doctors ask patience now to protect the drug companies. I would think the biotech products would have less side effects. Of the 1426 patients in the study it would be interesting how many had various side effects and how many had no problems.

    Whatever the case it sounds like it is pretty safe and folks with the disease need relief. Since it has been approved for a related medical issue I would think that your prognosis is correct and that we will see a real ramp in sales because doctors who treat Psoriasis are already familiar with the product.

  • In note published Wednesday morning, Bank of America analyst Doug Leggate added Occidental Petroleum Corporation (NYSE: OXY) to the firm's US1 List and reiterated a Buy rating.

    Leggate wrote, "We suggest the combination of share repurchases, competitive debt adjusted per share growth and a prospective sector leading dividend above ~4% can drive a re-rating over the next 12m."

    Leggate sees the company using proceeds from asset sales for buying back as much as 13 percent of its outstanding shares, as well as posting another year of "strong" dividend growth. Moreover, he noted this could serve as a catalyst to bring Occidental in line with other large cap dividend stocks.

    Looking forward, Leggate has set a $130 price objective and is predicting an EPS from 2014-2016 of $7.27, $8.29 and $9.44, respectively.

    Latest Ratings for OXY
    Date Firm Action From To
    Sep 2014 Barclays Downgrades Overweight Equal-weight
    Aug 2014 Simmons & Co. Downgrades Overweight Neutral
    Aug 2014 Morgan Stanley Upgrades Equalweight Overweight

  • Dallas, TX / ACCESSWIRE / September 24, 2014 / The Permian basin, now the nation's most productive, is churning out ever-increasing volumes of crude. As of September 2014, the Permian is producing 1.7 million barrels per day (bpd). That is more than double the 850,000 bpd the area saw in 2007.

    Even the more well-known oil producing basins around the country pale in comparison. The Bakken in North Dakota and Montana, which has received so much media attention, produces only around 1 million bpd. And the Eagle Ford, the Permian's neighbor in South Texas, is responsible for 1.5 million bpd in production.

    The Permian is king, even if the rest of the world doesn't know it. Despite the lack of media attention, the oil and gas is fully aware of the Permian's potential and they are heading there in droves.

    Occidental Petroleum (OXY) just broke ground on a major satellite office it is building in Midland, TX. The location is not random. Midland sits in the heart of the Permian basin and Oxy's new office will house 600 employees. Texas Governor Rick Perry was on hand to inaugurate the occasion. "The men and women of the Midland area who will work at this facility will help Oxy continue to achieve their own great things, and in the process add their own stories to the ongoing tale of our state's economic success," Gov. Perry said at the event.

    Oxy is the largest operator in the Permian and recently decided to move its headquarters from California to Houston in order to focus on Texas' abundant oil and gas reserves. The success of the company's acreage in the Permian was enough to convince the company that the Permian was the place to be.

  • Reply to

    I have a solution for the NFL player problems

    by bamapride57 Sep 17, 2014 10:46 AM
    rgchjr1945 rgchjr1945 Sep 23, 2014 10:15 AM Flag

    When their life is all over the newspaper it is hard to get the NFL out of their lives. Most of the money made by sports is related to advertising because of TV. The problem with the NFL is that these players have been problems in college and the big colleges keep on bailing them out because of the money involved. All those liberal university presidents look the other way and only see the bucks coming into their schools. In some cases these problems extend down to high school. There is a culture of letting top athletes get away with all kinds of crimes at the lower levels. Now the NFL has to be the bad guy.

  • Nearly one in four Wisconsin employers plans to increase staffing in the last three months of 2014, up significantly from the share that planned to add jobs a year ago, a newly released survey by Milwaukee's ManpowerGroup shows.

    At the same time, fewer employers intend to decrease staffing, yielding an even stronger year-over-year hiring picture, the survey indicates

  • MADISON, WI. SEPT. 16, 2014 – DuPont Nutrition & Health (DuPont), a leader in specialty ingredients for food and dietary supplements, is expanding its manufacturing facility in Madison.

    The first phase of the expansion includes a new milling, blending and packaging line for live bacteria cultures; and the second phase will increase the fermentation capacity for cultures, which are used in yogurts, cheeses and probiotics, among other products.

    The company’s facility, located on Agriculture Drive on Madison’s southeast side, currently employs more than 200 people. It has added over 20 jobs in the past 12 months and expects to add at least 12 more with the new capacity. The first part of the project is complete and the second phase is expected to be finished by mid-2015.

    The Wisconsin Economic Development Corporation (WEDC) has authorized up to $140,000 in state tax credits over the next three years for the company. The actual amount of credits received will be contingent upon the number of jobs created and the amount of capital invested by the company during that time.

    “WEDC is pleased to be able to assist a global company like DuPont with its expansion in Madison,” said Reed Hall, secretary and CEO of WEDC, the state’s lead economic development organization. “The expansion will enable DuPont to install new equipment that will help position the company for future growth.”

    “We produce cultures and probiotics that are used by our customers to make cheese, yogurt and dietary supplements. Our ingredients protect the quality of the food and provide healthy and nutritious foods for consumers,” explained Eric Hohol, site manager for the DuPont Madison facility. “This expansion is indicative of our company’s growth in the food space, as well as the collaborative partnership we have with the state of Wisconsin.”

    DuPont Nutrition & Health addresses the world’s challenges in food by offering a wide range of sustainable, bio-based ingredients and advanced molecular diagnos

  • Reply to

    Reason for Price Drop

    by batahworks Sep 18, 2014 3:28 PM
    rgchjr1945 rgchjr1945 Sep 19, 2014 9:06 PM Flag

    The reason is probably lower prices for WTI which is most likely associated with 2 main things. 1st the stronger dollar so all commodities have been coming down when priced in dollars. 2nd is supply in storage probably resulting from refinery change over from Summer to Winter products. Many refineries are also down for maintenance in conjunction with the switch over so supplies build up even more. The flow of oil and increase in drilling does not stop due to refinery issues.

    The other independent E&P's are also down in the last 4 days, but not as much as the companies concetyrating in the Bakken. However, many of the others started to roll over a bout a month ago and over one month all these companies are down 4 - 5 %. So companies like WLL & CLR just caught up on the down side to APC, DVN, APA. Obviously there are probably exceptions but then there are always companies with either really good or bad news that fall out of the norm.

OXY
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