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$Occidental Petroleum (OXY.US)$ Warrent Buffet has been scoo...
$Occidental Petroleum (OXY.US)$
Warrent Buffet has been scooping up the shares this month as oil prices have soared.
Goldman Sachs' strategist Neil Mehta said: "At our bullish commodity prices in 2022 estimate, we expect the company to generate ~USD20b in free cash flow (37% of market cap before including the dilution impact from the warrants), which should allow for USD3b in share repurchase + fixed dividend (~6% capital returns yield) and potential for further debt reduction. We continue to see potential for greater investor credit towards the company's upstream, chemical and low carbon assets as Occidental continues to delever.". Goldman Sachs has a long-term Brent oil price estimate of USD90/bbl.
Warrent Buffet has been scooping up the shares this month as oil prices have soared.
Goldman Sachs' strategist Neil Mehta said: "At our bullish commodity prices in 2022 estimate, we expect the company to generate ~USD20b in free cash flow (37% of market cap before including the dilution impact from the warrants), which should allow for USD3b in share repurchase + fixed dividend (~6% capital returns yield) and potential for further debt reduction. We continue to see potential for greater investor credit towards the company's upstream, chemical and low carbon assets as Occidental continues to delever.". Goldman Sachs has a long-term Brent oil price estimate of USD90/bbl.
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bullrider_21
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Dons hobby : Hope you are having. great week. I took a week off took the wife to St. Augustine for her Bday
bullrider_21 OP Dons hobby : Glad you had a great week. Last week was good. But this week, the energy stocks corrected.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Nevermind I believe after this correction, oil and coal prices will go up again.
Dons hobby : I am in Mullins Automotive and that is all for now.
Dons hobby : Oxy to expensive for me
bullrider_21 OP Dons hobby : Have you converted to SGD? Are you able to trade in SGD. I think the correction in oil prices is coming to an end. May be able to buy Rex soon.
Dons hobby : Nice I have always been doing interested in Rex.
Dons hobby : Man I can't type for shit
bullrider_21 OP Dons hobby : No. I'm in SG.
bullrider_21 OP Dons hobby : You can consider these 12 stocks. Do your DD and choose those that are suitable for you.
Dons hobby : Thanks Bull I appreciate it.
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