Oil opening in 58.00 range and Oxy stock in 41.00 range. Hopefully, we have a lot of our oil hedged much higher.
9 replies (most recent on top)
What is the chance a major buys out Oxy after it starts debt reduction post Chem sale
@c4 - why do you keep bringing up Piper Alpha? It’s like every couple of days you try to weave it into a thread. You realize it was 37 years ago, right?
Haha. Oxy doesn’t hedge. They like the exposure to oil. That’s what happens when you get a management team made up of engineers with no diverse views or exposure to the world outside Oxy. This is like watching Piper Alpha II: the sequel
Maybe the poster is a disgruntled stockholders who wants the stock to go up in a takeover bid. But still you are right that the carrot for investors should be related to a long timeframe once oil prices increase and debt is down just a little more. If only they could afford a bigger dividend with growth potential. In two years they only need a 3% dividend to be competitive with money market rates.
@ay Why wish something bad to happen to a company knowing fully well that it will affect the company’s profits and may lead to layoffs? What has Oxy done to you that made you to harbor this level of grudge and wishing the company to fail? Please kindly move on to other things that will give you joy and peace in your life. Please let go of your animosity towards Oxy. I wish you the best in life.
Is Oxy shutting in wells or not drilling some wells now that the oil price is below 60. Surely there have to be some marginal barrels at 60 $/bbl that should not be running or not drilled.
Hoping for more downward pressure. Oxy needs to be dismantled and scattered to the winds.
We hope low oil prices don’t lead to layoffs. Is that better?
This is not what this website is about.