Even Jim Cramer is loading up on OXY..When investors start bailing from overvalued tech stocks they will pile into solid safe energy stocks like OXY....In my opinion OXY will be a $100.00 stock again, and in the meantime the dividend is great...
Wait until investors start running from overvalued tech stocks with no yield, and start piling into OXY...imo
OXY is trading like oil is still selling for $45.00 a barrel..........What if OXY's next earnings report surprise to the upside ?
Low volume Low float is both a blessing and a curse.....Depends on weather they are buying or selling....jmho
XOM-BP-CVX-OXY all trading nearer their 52 week lows, most have good cash flow most pay a great dividend.. Even Jim Cramer is recommending OXY......jmho
In hind sight why would someone offer more than the asking price when there were no other offers on the table, that we knew about....?
Were there other offers and if so wouldn't that make todays weakness another buying opportunity provided they come back ?
Re read what ERB said about what they were going to do with the proceeds of the real estate sale had it gone thru..If memory serves me correctly they were going to use the money for general company business nothing was said about enriching shareholders...jmho
Recent upgrade by Stifel with a $29.00 price target.....The Wall Street Journal recently had a story about the huge demand for fright cars and the shortage ,which should create huge profits for RAIL..............jmho
Stifel placed a $29.00 price target on RAIL.......