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Occidental Petroleum Corporation (OXY)
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Raymond James analyst John Freeman maintains Occidental Petroleum (NYSE:OXY) with a Strong Buy and raises the price target from $55 to $60.
Latest Ratings for OXY DateFirmActionFromTo
Cramer do not like oxy because it’s green when Dow is down 800 points
Why do people think Cramer dissed an opportunity in Oxy?
“Occidental Petroleum: "It's the only oil stock that I don't like here."
In my opinion, the momentum of huge cash flow from the current oil prices …added to coming debt pay down and credit quality upgrade…offers several opportunities for upward repricing beyond those of competitors who have already “more fully bounced back to
Msg board posting on Stocktwits indicated that Raymond James now rates Oxy as a Strong Buy, with a price target of $60 (raised from $55). Can anyone confirm that?
Cramer do not like occidental now because there is potential for 100% gain. When this stock will trade in 60’s-70’s with a 5% dividend, then he will love this stock. He got paid for talking like this .. smh
Morgan Stanley analyst Devin McDermott maintained a Buy rating on Occidental Petroleum today and set a price target of $50.00.
***** For those of us who have been through these cycles before..... we are seeing a repeat as expected. WHEREIN, the overall market can be in a protracted correction for weeks or even months, but commodities especially oil can have its own bull run at the same time and it is evidencing itself again to do the same thing. As newer investors start to realize this fact, then the real rotation will start...... and they will be selling off those bloated high PE tech stocks and running to the oil patch stocks for safety and profit..... this is just starting to happen in this cycle now so hold your oil patch positions and enjoy the ride higher along with the price of crude.......
Deltec Asset Management Corp has initiated a position in OXY by buying 280,000 shares.
I read that Mexico recently completed their hedging program purchasing Billions of $ of put options covering 2022.
That may be the main reason for softness and part of the reason for recent volatility.
A strengthening going forward is possible for oil price. It just has to fight the urge for others to hedge downside.
I wish I could get Cramer to dis some of my other stock holdings.
I have the biggest news that Kazakhstan won’t be able to produce 1,698,280.45 barrels of oil per day!!! Their power is completely out!! Holy is this ever going to send us over the top!!! 150 oil on its way plus covid is over folks. Open trade!
$BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO $VET $PBA $MUR $PVL $KRP $BCEI $ERF $TPL $CPK $OMP $EGY $USO $NRGU
As a trader I am honestly very happy I invested in Oxy. Seeing the world burn while your investment is holding strong really shows how smart my investment was when i made it last year after doing lots of due diligence.
As I said before a rally in the first 2 weeks, rest for a while and another rally from early Feb to early Mar. The big oil Chevron is having their earnings on Friday. I held on to my OXY warrants last two years... I hope not to experience 20-30% correction after the rally. By having them held for 2 years, I saved 20%+ in taxes while having this appreciated even higher. By holding on to this for so long, I get a feeling how the share price will behave...but have not executed primarily because of avoid paying taxes.... and I could be wrong... For those traders, I have a feeling that for whatever reasons, OXY will have a correction after having a rally until early March. and will head higher until mid Summer. Big correction could come in fall but after this correction, the oil stocks especially OXY will fly in the coming years. The supply issue will continue to pressure on the oil price while the demand will outpace the supply for a while until production catches up. Just my random thoughts for having this for long (2 years) + more than 90% of my portfolio. I bet my life into OXY warrants.
JUST IN: Energy Information Administration (EIA) “forecast global oil demand to return to pre-pandemic levels this year.” (MSN News)
Initial forecast was a 2023 return to pre-pandemic levels.
This is a strong bullish signal that shows robust global demand supports fundamentals of oil prices.
Ignore the daily gyrations of share prices of oil stocks. There is only one way to go in 2022/2023 as more funds rotate into O&G. Patience pays.
$CPE $XOM $CVX $RIG $OIH $$LPI $FANG $APA
As of yesterday, 9 of the 11 sectors in the S&P 500 are in red.
Only 2 sectors are green: Energy with 16% and Financials with 0.4% (Source: MarketWatch).
If you are long on oil, this is the year to be rewarded for your patient capital.
$CPE $XOM $CVX $RIG $OIH $LPI $FANG $APA $COP
Goldman Sachs raised Oxy target price to $49 (from $43)
People are posting msileading information....Last quarter HAS NOT BEEN REPORTED YET AND OIL WAS ABOUT 7-8$ PER BARREL HIGHER THAN THE LAST REPORTED QUARTER AND NAT AGS WAS UP ABOUT 40%...at these levels oxy is crushing it free cash flow could be 3.5-4 billion in one quarter...you cant expect oil to just keep going straight up....they have no dividend and billions less in capex...THIS SHOULD BE IN THE 60S based on oil and gas this high and no dividend and lower capex....give the ark inevstors time to realize that they are sunk for about another 5-7 years and all of the trillions in tech to realize that this year could flat or even worse ...then tons of free cash flow and real assets will look good ..give th dart throwing investors and fund managers a little time to drift over
State Dept orders diplomatic families out of Ukraine......let’s see if oil speculators drive us to $90 by Tuesday.
Anyone that sells now, with WTI closing in on $90, earnings right around the corner, and the entire oil sector moving in lockstep, is making a huge mistake.
$RIG $LPI $CDEV $MRO $OXY
***** We just got to buy signal from Kramer on mad money. Was just flipping through the news shows a minute ago and stopped on mad money/// he was doing the lightning round, and somebody asked about OXY-----he said it was the only oil stock that he was not interested in..... good contraindicator..... coming from him it's a full BUY signal !!
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