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Stocks give back gainsRising oil, mixed stocksTSX climbs, Wall Street fades on inflationThis summary was created by AI, based on 3 opinions in the last 12 months.
According to experts, Occidental Petroleum Corp (OXY-N) is considered undervalued and offers a good opportunity for investment. The company's stock is tracking the price of crude oil and is trading below its historical lows, making it an attractive option for those looking to invest in oil. Additionally, the company's strong balance sheet and earnings growth, as well as the recent acquisition of Crownrock, are seen as positive factors. Berkshire's increased ownership in Oxy is also viewed as a stamp of approval and a reason to consider owning this stock.
Berkshire just added to their large position, now 28%. This is a make or break quarter for energy. There's a divergence between the spot price of oil and oil stocks. Stop looking at that price which had gone nowhere in over 2 years.
With a strong balance sheet and earnings growth, OCY bought Crownrock. However, this won't make a difference in the face of supply of crude oil overwhelming demand. Yes, Berkshire's ownership is like a stamp of approval and is a big reason to own Oxy.
Is shocked this hasn't move up more after Buffett added more shares and the war in the Middle East.
He bought this late. Bought it because one of the greatest investors, Buffett, in the world bought it. Energy is a tough sector; expects the momentum will eventually turn and oil falls to the $80s.
Investors think the oil market is still in 2022. It's not. Would sell energy, though still holds this. Is nothing more than a hold.
Likes it. Encouraging. Warren Buffett, one of the shrewdest, most patient investors of all time, is stepping up in the face of widespread negative sentiment. The most uncomfortable buys are usually the best ones. Don't chase the herd and buy NVDA. Be patient and tune out the noise.
Occidental Petroleum Corp is a American stock, trading under the symbol OXY-N on the New York Stock Exchange (OXY). It is usually referred to as NYSE:OXY or OXY-N
In the last year, 1 stock analyst published opinions about OXY-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Occidental Petroleum Corp.
Occidental Petroleum Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Occidental Petroleum Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Occidental Petroleum Corp In the last year. It is a trending stock that is worth watching.
On 2024-12-05, Occidental Petroleum Corp (OXY-N) stock closed at a price of $48.49.
It is very cheap. It tracks the price of crude pretty well and is still trading below when crude was at its lows a couple of years ago. He think oil is going to $85. It is an undervalued oil trade so he would consider options. Pays a nice dividend. Buy 8 Hold 19 Sell 1
(Analysts’ price target is $67.69)