Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Aug. 15, 2022.
- As of 8/08 current YTD is 188,366,460
- With warrants 272,225,309 total
Icahn increased his warrants in Q2 by 210,015 & is holding 15,272,431 total. Icahn doesn’t need to file with SEC even if he converts to common cuz it’s only 1.6% (5% requires filings).
2. Keep in mind if anything under $60 is being eaten up then this company is definitely going to be worth more than $120 in the future.
3. Oh and don’t forget the $3 pre covid dividends kicking 🦵 in once debt is at bay.
Fidelity was the other big mover buying 16 mil moving into OXY top ten. Other buyers were Jane Street, GS and MS & UBS….
=> WTI has dropped from $121.51 to $88.77, or -27%
=> OXY has dropped from $65.18 to $64.23, or -1.5%
So, OXY is definitely holding strong despite a heavy drop in WTI.
US shale, which typically accounts for 2/3rds of US production, is sweet.
Russian crude is mostly sour”
*****deepsub
*****deepsub
But fintel reports a few of the top 10 holders did in fact sell in Q2….Dodge & Cox, Blackrock & Geode Capital sold 10 million shares combined in total.
The interesting big mover was Vanguard — it sold 21.3 million shares — nearly the same as what Buffy bought 22.2 million. Most likely via block trades via one of the 32 ATS (dark pool) venues….
2. Debt is getting lower every quarter.
3. Anything over $40 oil. This company will keep pumping cash. This will either go towards debt reduction or buybacks and eventually fall towards dividends.
4. Shorts better pick a different stock as they will have their pants taken off sooner than later.