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Occidental Petroleum Corporation Message Board

rude_crude_dude2000 1 post  |  Last Activity: Jan 10, 2015 2:49 PM Member since: Dec 20, 2007
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  • rude_crude_dude2000 by rude_crude_dude2000 Jan 10, 2015 2:49 PM Flag

    Oxy's asset sale program should be put on hold until prices rebound. If anything they should be acquiring while bargains are out there. CRC spinoff was the most ill-timed transaction ever. 18-24 mos from now after the rebound in prices the net proceeds will be far higher and retaining or even increasing production during that time would help bolster cash flow in a declining price per barrel environment. They have the cash to weather this and profit from it.

OXY
73.73Mar 26 4:02 PMEDT