Occidental Petroleum Corporation (OXY)

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  • Volume:
  • Day's Range:
    64.51 - 68.73
  • 52 wk Range:
    21.62 - 68.73

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  • Financing 10 Bn out of the Anadarko deal with shares of 8% prefered dividend, while fed is cutting rates, they could have gotten much-much better financing somewhere else. That is the absolute madness in this story. Shale oil is dead at these price levels. If prices normalize, and they will be able to sell those assets they are talking about, at least at a break-even price, then the company will be ready for milking, for the years ahead. Therefore a risky could work somewhere at these prices, but thinking in years at least.  Lets see the Q1 numbers of the sector first.
    • risky play*
    • Also: Look at the price to tangible book value ratio.