Seeking Alpha

Occidental Petroleum (OXY -0.6%) is cut to Hold from Buy with a reduced $80 price target (from...

Occidental Petroleum (OXY -0.6%) is cut to Hold from Buy with a reduced $80 price target (from $95) at Deutsche Bank in the midst of rising capex and a forecast drop in volume below the 5% target next year. "The story is not broken, but the premium story has been diluted, and although the multiple is reduced, the stock still does not screen as cheap," the firm says.
Comments (2)
  • This is why I gave up on Wall St. "experts". Oxy is already down 30% from its annual high,and almost at its annual low,so they downgrade it.

     

    the best time to buy a good company is when the Street hates it,as appears to be the case now with oxy. I last bot some oxy on 11/14 at 74.36 and will add more if it goes much below that point.

     

    oxy is one of the strongest,financially,of the large oil&gas companies.
    3 Dec 2012, 12:21 PM Reply Like
  • Good luck with your purchase, as far as me, I am going to wait until the stock is at 90 and the experts say buy.
    3 Dec 2012, 12:30 PM Reply Like
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