Replies to post #162 on Occidental Petroleum Corp (OXY)

[Timothy Smith]

The oil market "could be oversupplied for longer than we previously anticipated,” Jefferies analysts say, while highlighting Chevron (NYSE:CVX), Occidental Petroleum (NYSE:OXY) and Marathon Oil (NYSE:MRO) are their energy sector favorites.

[Timothy Smith]

Q2 operating costs in the U.S. fell to $13/boe from $14.50 in 2014, and capital was ~$250M lower than Q1 and 25%-plus less than the same period last year.

Says higher production volumes, improved well performance in the Permian, and higher product prices resulted in a ~$400M Q/Q  increase in operating cash flow before working capital.

[Timothy Smith]

OXY shares are "an attractive port amid the current oil volatility storm," Rezvan writes, believing the sustainable 4.6% yield - vs. other less stable, higher yielding energy equities - should provide a floor for the shares near the current level.

[Cellmerusa]

Buy oxy!!!! Trust me