Occidental Petroleum Corp (OXY) Buy, Sell or…

Occidental Petroleum Corp (OXY)

51.85

+0.03 (0.06%)

as of Jun 18, 2026, 11:50:48 pm Market Open.

21 watching

DON'T BUY

The price of oil in the last 9 of 10 days has risen. Many predict the long bear market is over, but he's worried about the oversupply of oil. They report Tuesday and he wants to hear what they say. A recent acquisition added a lot of debt.

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DON'T BUY

A lot of investors don’t want to own oil stocks. He is not a huge fan. A lot of these companies don't see the value of sitting on cash when commodity prices are high.

TOP PICK

It's been quite a ride. A global oil/gas producer. They will pay down debt aggressively and return capital to shareholders. Based on 2020 hedges, low-$40's they can pay their dividend (above 7% now) and maintain flat production. They plan to sell $10-15 billion in assets to de-lever. Not well-loved now because of an acquisition. Oil demand will grow in coming years, despite the rise of renewables. Overall, well-run. (Analysts’ price target is $54.32)

DON'T BUY

It has given up 35%. He would just not go there. He would not go to energy.

PAST TOP PICK

(A Top Pick May 11/16. Down 17%.) Energy has been particularly tough since the beginning of the year. Also, their operational record has not been good. Their recently filed earnings report indicates their operating numbers are better, meaning costs are going down, and also are doing a little better with the drill bit. It has a nice dividend which doesn’t appear to be in jeopardy.

PAST TOP PICK

(A Top Pick May 11/16. Down 10%.) Has not really been well run. The earnings haven’t been good. However, they are sitting on the best oil assets in the US. Has the largest concentration in the Permian Basin, which has stacked plays giving access to different layers of shale with oil in it.

PAST TOP PICK

(Top Pick May 11/16, Up 0.91%) Speculators focused too much on the crude and the gasoline inventories. There is record short interest right now. You get a nice dividend. He discovered recently that published inventory levels are not always that accurate.

TOP PICK

His favourite energy pick, because it is over 80% oil. Also, have the best drilling locations in the US, generally in the Permian Basin in West Texas and Southeast New Mexico, which has multiple layers of oil, so with one drilling pad they can get more pockets of oil making it more economical. Dividend yield of 3.91%.

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PAST TOP PICK

(A Top Pick Feb 2/11. Up 2.6%.) Sold last February.

TOP PICK

Refining. Oil weighted senior with a pristine balance sheet and high cash flow yield. Primarily us operations. Refining margins are improving. Can see some growth in the name.

TOP PICK

One US oil that has a lot of growth globally. Large landholder in California. Proven track record of taking a mature basin and wringing every last drop out of it. The most torque name to oil available.

TOP PICK

Model price is $113.78, a 63% positive differential.

PAST TOP PICK

(A Past Top Pick Dec 21/06. Up 45.2%.) His model price is $88.36. That's a 23% positive differential and no longer qualifies for his funds.

PAST TOP PICK

(A Top Pick Dec 26/06. Up 42.1%.) Now only has an upside of 17.5%. Should be $82-$84 a year form now, a 17% implied rate of return. Sold his position.

PAST TOP PICK

(A Top Pick Dec 21/06. Up 39%.) His model price is $83.28, a 21% positive differential.

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Occidental Petroleum Corp (OXY)