|Day's Range||59.71 - 60.59|
|52 Week Range||57.20 - 78.48|
|PE Ratio (TTM)||-85.52|
|Dividend & Yield||3.04 (5.06%)|
|1y Target Est||N/A|
A bomb attack over the weekend by the Marxist ELN rebels has halted the flow of crude along Colombia's second largest oil pipeline, the Cano-Limon Covenas, sources from the military and state-run oil company Ecopetrol said on Tuesday. Attacks on oil infrastructure by the National Liberation Army, or ELN, have been frequent during the group's five-decade war with the government.
Occidental Petroleum (OXY:NYSE) By Wells Fargo Securities ($59.89, June 21, 2017) Occidental Petroleum’s recently announced acquisition of Permian enhanced oil recovery (EOR) assets offers synergies optimization and accelerated residual oil zone development. On a net basis, Occidental (OXY) expects production will increase to 7 thousand barrels of oil equivalent per day (Mboed) in 2019 from 3.5 Mboed in 2017. Additionally, by 2019, Occidental expects operating-cash-flow (OCF) improvements of $45 million and free-cash-flow improvements of $30 million.
While the oil and gas company offers a market average payout, there are better options in the sector for income investors.