sometimes we need to step back to move forward. I'm guessing with the new approval.. the market with drop close to where we were in 2003....... just around the peek of the buble.
Where were we in about 2003? I think that in order to move forward sometimes we need to take a step back... Futures have secured this bet... wait for the low... and buy some other ones to look at would be CVX, OXY, MUR, and COP.
Today's stock's selection OXY Inspired by: If the earnings of everything outside of financials are rising 9%, but the market is going down, it seems to me that we ought to be buying stocks with rising earnings and falling stock prices. http://articles.moneycentral.msn.com/Investing/StrategyLab/Rn... World energy needs will spike by more than 50% by 2030 but adequate oil reserves, conservation and new methods of recovery mean supply will keep pace with demand, the Organization of Petroleum Exporting Countries said Thursday. http://money.cnn.com/2008/07/10/news/internationa...
Enerplus Resources Fund ( ERF ) will receive C$500-million from Occidental Petroleum Corp. ( OXY ) for its 15% interest in the Joslyn oil sands project. The proceeds will initially be alloted to reducing the company’s bank debt, but may eventually be used for acquisitions or development opportunities, according to Canaccord Adams analyst Kyle Preston, who noted that the trust announced plans to sell the stake on March 25. The deal is expected to close by the end of the third quarter.
Mr. Preston thinks Enerplus received fair value in the deal, maintaining his “buy” r
During these tough times, in a market environment where literally no one is safe, you would assume that a company who is one of the largest one hundred components of the S&P 500 (SPY) would take somewhat less of a hit when compared to its peers. If the company also had a great long term track record and a balance sheet so clean you could eat off it, you would be certain that the stock price would reflect these factors. Unfortunately for the market and fortunately for investors, Occidental Petroleum (OXY) is a company that our “efficient markets” got very wrong.
All stocks except one are trading above their 20-day moving average. Many have printed their 20-day: Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), Occidental Petroleum Corp. (OXY), Devon Energy Corp. (DVN), Apache Corp. (APA), EOG Resources Inc. (EOG), Weatherford International Ltd. (WFT), Williams Cos. (WMB), Noble Corp. (NE), El Paso Corp. (EP). The medium-long term situation is still negative for all stocks. Prices are now moving above the 20-day moving average; resistance is around the $60 level. I see this as a long rebound, but there is enough room to make money buying pullbacks i...
All stocks except one are trading above their 20-day moving average. Many have printed their 20-day: Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), Occidental Petroleum Corp. (OXY), Devon Energy Corp. (DVN), Apache Corp. (APA), EOG Resources Inc. (EOG), Weatherford International Ltd. (WFT), Williams Cos. (WMB), Noble Corp. (NE), El Paso Corp. (EP). The medium-long term situation is still negative for all stocks. Prices are now moving above the 20-day moving average; resistance is around the $60 level. I see this as a long rebound, but there is enough room to make money buying pullbacks i...
OXY: Upside Surprise
- Occidental Petroleum (OXY) is The Correct Call's 3rd pick of the week to beat.
We dont believe we have to spend a whole lot of time writing about oil...
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About Occidental Petroleum Corp
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Mr. Preston thinks Enerplus received fair value in the deal, maintaining his “buy” r
