OXY reports next week, Tuesday 5/10

[Fraser921]

Up 4 % with good volume today. Someone is buying.
Avg daily volume is about 20 m shares/daily. Its done 18 m as of noon est with 4 hours to go.
What make it notable for me is the sweet 16 and other energy names are all red. Normally, the group trade together

Good be Warren Buffet talking about it on Saturday.

For me the catalyst is q1 FCF . I'm expecting 4 b. Unhedged prices have held up and NG is soaring.

This is my largest position

Do your own DD

I also like CLR which is this week as well

Update : Oxy did 38 m shares volume. You can see that's twice the normal volume. So who is buying? The company, Warren Buffett, traders pre earnings. I think it makes a run to 63 post earnings

April stats

Date Open High Low Close* Adj Close** Volume

May 02, 2022 54.53 58.55 53.95 58.30 58.30 38,085,300
Apr 29, 2022 57.22 57.72 54.67 55.09 55.09 19,200,000
Apr 28, 2022 55.49 57.52 53.92 57.03 57.03 20,633,100
Apr 27, 2022 54.80 56.40 53.21 55.59 55.59 20,688,500
Apr 26, 2022 55.90 56.89 54.66 54.82 54.82 27,151,300
Apr 25, 2022 54.62 55.30 51.53 54.92 54.92 32,977,000
Apr 22, 2022 59.22 59.22 56.32 56.62 56.62 22,816,900
Apr 21, 2022 61.71 63.56 58.52 59.20 59.20 32,050,400
Apr 20, 2022 60.75 61.84 59.86 61.47 61.47 20,837,800
Apr 19, 2022 60.04 61.47 59.83 60.38 60.38 19,514,600
Apr 18, 2022 60.21 63.01 59.93 61.37 61.37 30,802,500
Apr 14, 2022 59.23 60.37 58.71 59.34 59.34 18,750,400
Apr 13, 2022 60.00 61.03 58.20 59.62 59.62 21,358,400
Apr 12, 2022 58.99 61.36 58.90 59.14 59.14 26,820,900
Apr 11, 2022 60.55 60.60 57.60 57.92 57.92 27,618,000
Apr 08, 2022 57.70 62.09 57.56 61.80 61.80 41,572,400
Apr 07, 2022 56.70 57.89 55.10 57.68 57.68 24,408,300
Apr 06, 2022 57.35 58.52 55.56 56.10 56.10 27,903,000
Apr 05, 2022 58.41 59.81 55.60 55.72 55.72 22,939,300
Apr 04, 2022 58.71 59.05 56.85 57.79 57.79 19,338,700
Apr 01, 2022 56.82 58.18 56.30 58.11 58.11 21,011,000

[Fraser921]

As I said on Monday, Someone is buying OXY

That person was Warren Buffet, who just bought another 6 m shares...Filing made

https://occidentalpetroleum.gcs-web.com ... e2dbdf1428

I'm starting to think he wants the whole thing! He is adding before the earning.

This sits the floor at 55-57 range. i think its mid 60's next week.

This is a good one for an option play. I'm looking for FCF of 4 b and a beat.

[SergioSays]

I think he will lean on CVX to acquire them.

[Fraser921]

Up another 5 % on a down day. Leads my energy list.
CLR,PXD,MRO all are doing well.

Net realized prices matter.

Cashed out of my 1 day calls Yee-haw

SBOW got whacked , I havent had time to check it out

[Fraser921]

Wow it hit 64.50, I didn't have to wait to next week. Nice move on a - 1,000 point down day.

This might be buy on the anticipation and sell on the news deal

PXD traded to almost 260 now 252
CLR 63 to 60

[Fraser921]

Oxy volume at 2:20 is 34 m, up 2 % on a -1000 down day.

If Warren is still buying, he would have to report tonight, 2 days after purchase. He reported buys made on Monday and Tuesday last night

[Fraser921]

Warren Buffet with a new filing on OXY 5/6

http://archive.fast-edgar.com/20220506/ ... PZZ22X842/

He has 220.2 m shares! 21.6 % . Buying before earnings of next week .

Some rumors, Chevron and OXY merger. He has a ton of chevron too

The name closed at 64.97

I was hoping for mid 60 next week, it came one week early!

He actually owns more, this was as of 4/30/2022

He bought 6 or 7 m more this week. So he owns 27 %