Now solidify below $10 at $9.69 closing. 52 week low is $9. That number will soon change.
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It doesn't matter that all oil companies are down. This one has many other factors that put it at risk for bk. The looming near term debt being the biggest factor. Let's put it this way: the company is only worth 1/3 of its outstanding debt. Or even better this way, we have a 400lb man pulling us down in the deepend of the pool and we are only 150lbs. We can put up a fight but that fat man is hard to get away from.
Every oil company is down today because oil is heading down. Across the board oil is down today, so it is just not Oxy.
Don’t be so negative. Things will work out. Oxy has many assets they can sell for the right price. They can always borrow more money to survive until oil prices go back up.
We are doomed to crash and burn
I have lost the best part of my retirement pot on this POS
Total Debt is four times market cap. Bankruptcy looms.
More amazing is current price reflects a 9 billion market cap but WES, a gathering company which they got in the deal reflects a 3 billion market cap. Something is not adding up.
Don't forget IT. We need the brainpower of the management.
There's a reason there are more layers of management than a cake.
Don't worry we have HR, Legal and Ethics to get it all sorted out and get us back in business. I don't know how the company could survive without them.