Tag: OXY
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These Oversold Stocks Should Gush Higher with Oil
Oil prices are gushing higher. Last checked, WTI crude was up about $1.60 to $75.01 and could push higher. For one, demand could exceed expectations, if the economy shows further signs of growth, which could result in a deficit. Two, there are tensions in the Red Sea, where “Houthi militants have vowed to retaliate over…
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Keep an Eye on Oversold Shares of OXY
Keep an eye on oversold Occidental Petroleum (OXY). The Warren Buffett-loved company missed non-GAAP EPS by 22 cents. EPS of $1.61 on sales of $8.3 billion, was below expectations for $1.83 on sales of $8.7 billion. However, there’s still a lot to like about the downed stock. For one, there’s speculation Warren Buffett could add…
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This is Why Occidental Petroleum Could Gush Higher
Investors may want to consider Occidental Petroleum, as we noted on July 14. At the time, the OXY stock traded at just $56.65, “but could soon see higher highs,” we also said. “All on news Berkshire Hathaway just bought another $250 million worth of OXY stock between July 11, and 13, 2022.” Today, the stock…
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This is Why Occidental Petroleum Could Rally Higher
Investors may want to consider Occidental Petroleum (OXY). At the moment, the stock is consolidating around $56.65, but could soon see higher highs. All on news Berkshire Hathaway just bought another $250 million worth of OXY stock between July 11, and 13, 2022. OXY also carries a dividend yield of 0.92%. “Some analysts have speculated…
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This Could Send Oil Prices Up 300%
Oil prices are still surging. In fact, last checked crude was up another $6.50 to $106.30. All thanks to a combination of massive underinvestment, rising demand, Russia, and the upcoming summer driving season. Plus, Russia’s oil output is only crumbling, and is only expected to get worse. Oil is also being driven higher are global…