Another favorite name is OXY
They did 3 b in FCF q4, Im expecting 4 b in Q1
OIL & NG is unhedged, yum yum
One other guy likes the name too, his name.... Warren Buffett
Will be an interesting call
OXY reports tonight
Re: OXY reports tonight
Occidental Petroleum (OXY) reported a non-GAAP net income of $2.12 per share, up from a loss of $0.15 during the same quarter in 2021. Total net sales for the energy major increased more than 55% to $8.53 billion compared with $5.48 billion in year-ago sales.
Analysts polled by Capital IQ, on average, had been expecting Occidental to earn $2.03 per share, excluding one-time items, on $8.06 billion in revenue during the three months ended March 31.
FCF 3.3 b. .They got 100% of Nymex for NG & 97 % of WTI ( 91.91 of 94.91) . Operating cash flow was 4.2 b
https://www.oxy.com/globalassets/docume ... ncials.pdf
They paid down 3.3b of debt with the 3.3 b of FCF
Analysts polled by Capital IQ, on average, had been expecting Occidental to earn $2.03 per share, excluding one-time items, on $8.06 billion in revenue during the three months ended March 31.
FCF 3.3 b. .They got 100% of Nymex for NG & 97 % of WTI ( 91.91 of 94.91) . Operating cash flow was 4.2 b
https://www.oxy.com/globalassets/docume ... ncials.pdf
They paid down 3.3b of debt with the 3.3 b of FCF
Re: OXY reports tonight
Credit Suisse Raises Occidental Petroleum's Price Target to $52 from $50, Keeps Underperform Rating
I don't know how this analyst got the job
Dan, do you know who it is and track record?
I don't know how this analyst got the job
Dan, do you know who it is and track record?
Re: OXY reports tonight
I don't know him, but it seems to me that some analysts just don't like a certain company. Ignore the outliers unless they provide detail on what they don't like.
I like Stifel, Raymond James and Truist Financial because I think they have more accurate commodity price decks.
I like Stifel, Raymond James and Truist Financial because I think they have more accurate commodity price decks.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: OXY reports tonight
Warren Buffet buys some more!!
At 1 pm est up another 8.7%, Best performance ytd of ANY energy stock!
https://occidentalpetroleum.gcs-web.com ... eab164fc69
At 1 pm est up another 8.7%, Best performance ytd of ANY energy stock!
https://occidentalpetroleum.gcs-web.com ... eab164fc69