Occidental Petroleum $Occidental(OXY)$ is a great stock to invest. OXY is currently trading at USD 45.35, up 2% in the past 5 days and 7% in 1 month. Analysts are forecasting a potential rise to USD 58.33 by July, a 28% gain from current level.
As tensions threaten oil supply routes especially Straits of Hormuz, OXY's upstream operations and US based assets become more attractive to investors seeking stability.
Warren Buffett's Berkshire Hathaway has maintained a significant stake in OXY, signaling long term institutional confidence.
With a market cap of USD 45 billion, a P/E ratio of under 20 and improving cash flow, OXY is financially solid and well positioned to benefit from higher crude prices. OXY also pays great dividends (2.12% yield)
OXY is a great smart play at this time.
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- Kristina_Β·06-19TOPNot my usual laneβIβm mostly in EVs and AIβbut OXY might be a good short-term hedge. Thinking of scaling in with a small position and riding momentum till oil cools off. Will set a stop around $42 just in case. π₯π1Report
- JimmyHuaΒ·06-19TOPLooks solid. Might initiate a small core position now and add more if it pulls back near $43. Planning to hold mid to long term for yield and stabilityβespecially with Buffett backing it. π§ββοΈπ1Report
- Pan the manΒ·06-19TOPζθ°’εδΊ«οΌ1Report
- icycrystalΒ·06-19TOPthanks for sharing1Report