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OXY - Occidental Petroleum Corporation

post #1 of 106
Thread Starter 
chart.ashx?t=OXY&ta=1&p=d&s=l
Occidental Petroleum Corporation (NYSE: OXY) is an international oil and gas exploration and production company, as well as a major North American chemical manufacturer. We are the fourth-largest U.S. oil and gas company, based on market capitalization of $48.6 billion at year-end 2008, with more than 10,000 employees and 20,000 contractors on four continents.

Oxy is committed to respecting the environment, maintaining safety and upholding high standards of social responsibility throughout the company's worldwide operations. Oxy's success is built on technical expertise, business acumen, strong partnerships and proven ability to deliver superior results.

Throughout this website, "Oxy" refers to one or more of Occidental Petroleum Corporation, a Delaware corporation, its subsidiaries and affiliates.
Oxy engages in oil and natural gas exploration and production in three core regions: the United States, Middle East/North Africa and Latin America. We are a worldwide leader in applying advanced technology to boost production from mature oil and natural gas fields and access hard-to-reach reserves. We have consistently replaced and expanded reserves through improved recovery, strategic acquisitions and focused exploration.
post #2 of 106
went a little nuts today
post #3 of 106
With oil prices climbing OXY and BP should do well. I think OXY could head to $100

http://www.google.com/finance?q=NYSE:OXY
post #4 of 106
I think OXY just broke out..
post #5 of 106
This guy Riad amazes me. He just sold a unit for $2.45 Billion to Sinopec.

http://noir.bloomberg.com/apps/news?...d=aOQ1F2wdujZA
post #6 of 106
$110 price target.. This will be interesting.

http://online.barrons.com/article/SB...mod=BOL_hpp_oe
post #7 of 106
Resistance broken.. $100 an then $110 next.

http://www.marketintelligencecenter....alyfav/1239116
post #8 of 106
post #9 of 106
Here comes that $100 Them January $100 calls are up nicely today

http://www.google.com/finance?q=NYSE:OXY
post #10 of 106
Thread Starter 
Ive held my oxy since about $76. Not too shabby
post #11 of 106
S&P LOWERS OPINION ON SHARES OF OCCIDENTAL PETROLEUM TO HOLD FROM BUY
(Standard & Poor's)
OXY recently announced the sale of Argentine assets for $2.5B, which will help fund the purchase of over $3B in South Texas and Bakken Shale properties. We think major liquids projects in California and Iraq will drive growth through '14 and see OXY financing projects away from U.S. gas until prices strengthen. On updated DCF ($104) and higher oil and gas multiples, we lift our target price $10 to $106, applying premium valuations on our view of above-peer growth and a clean balance sheet. We are positive on liquids growth at OXY, but see diminishing upside to our target price.
post #12 of 106
Quote:
Originally Posted by Pmuhar View Post
Ive held my oxy since about $76. Not too shabby
Ray Irani is a smart cookie. I reckon the stock price will climb until he steps down. His mother in law passed away recently so I guess he was busy with family the last 1-2 weeks.
post #13 of 106
Here they are calling for a pullback but when gains are small like this and consistent they are solid and usually continue to climb up until their target is reached.

http://www.zacks.com/research/get_news.php?id=363l8539
post #14 of 106
This is why OXy is headed to $110 soon. Higher oil prices mean higher profits for OXY.


http://noir.bloomberg.com/apps/news?...d=avR3vzkgAZIM
post #15 of 106

As I had said $100 and then $110. Not quite yet $110 but it is coming (unless the market crashes of course lol..)

 

 

http://www.google.com/finance?q=oxy

post #16 of 106

http://www.google.com/finance?q=NYSE:OXY

 

My $110 target price is almost there.

 

 

 

post #17 of 106
Get ready to party on Tuesday..
http://finance.yahoo.com/q?s=CLH11.NYM
post #18 of 106
Quote:
Originally Posted by Internationalstocks View Post

Get ready to party on Tuesday..
http://finance.yahoo.com/q?s=CLH11.NYM


This was a very nice call. I remember you mentioning it as it hit 100. I thought it was a great play, but I instead went with another oil play. But I've been watching this guy.

post #19 of 106

Watch that $100 support.

 

Like the rest of the oil n gas names, watch oil prices, the entire sector is hot.

post #20 of 106
Quote:
Originally Posted by StockJock-e View Post

Watch that $100 support.

 

Like the rest of the oil n gas names, watch oil prices, the entire sector is hot.


I think OXY will bounce back provided the whole market doesn't take a dump and roll over. I was trying to see how much interest if any that OXY had in Libya.
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