Thread regarding Occidental Petroleum Corp. layoffs

Oxy crossed 70 today

Just wanted to bring it to notice that Oxy ticker has crossed 70 today! That’s about 600-700% increase if you had faith in it to buy at lowest point in 2020. If you had got Apple or CVX at the same time frame the gain would have been 150% & 200% respectively. Most integrated oil and gas average gains were 150-300 %. Of course it was risky but it was great move on my part. I am seeing oil heading to nervous highs in next 3-4 months and expect Oxy to soar further.
What do you think?

by
| 1960 views | | 6 replies (last )
Post ID: @OP+1gXS0ROn

6 replies (most recent on top)

Cool, now compare from 2019 to present.

by
|
Post ID: @1kod+1gXS0ROn

Buying stock in a company that is sinking like Oxy took courage and a long term point of view. I wish I had bought then. I guess I still remembered buying Enron when it was sinking and we all know how that turned out.

by
|
Post ID: @cvn+1gXS0ROn

Many people could have retired if they held the stock that bought in the teens. It takes a lot of courage to have the staying power these last two years, but good for you for taking advantage of it.

by
|
Post ID: @vfl+1gXS0ROn

We can still complain about the very low dividend. Growth in stock price is tied mainly to oil price at this point. Investors need the stabilizing effect of a higher dividend. Right now Oxy stock is like a hot slot machine or a favorable deck at the blackjack table.

by
|
Post ID: @hii+1gXS0ROn

@fya - probably the best post in the last two years. We’ll done!

by
|
Post ID: @taw+1gXS0ROn

You didn’t complain about your boss, management, boomers or coworkers. You didn’t predict a mass walkout of employees over not being able to WFH all of the time. You didn’t even predict a collapse of the fossil fuel industry (global warming - so scary). Please find something to whine about the next time you post here. So disappointed.

by
|
Post ID: @fya+1gXS0ROn

Post a reply

: