This Shale Giant Is Ready For A Rebound

This Shale Giant Is Ready For A Rebound

OilPrice.com

Published

Occidental Petroleum’s (NYSE:OXY) management has been pummeled since the deal with Anadarko Petroleum was announced last spring. Investors and stock analysts alike decried the purchase as being a “value destroyer,” lambasting OXY’s leadership in the process. Of course, over the short run, they’ve been right. OXY’s stock fell from the upper $60’s to the middle $30’s as the deal closed. The magnitude of the deal, the early potential for a fight with Chevron (NYSE:CVX) and the surprise $10 billion buy-in…

Full Article