Green day yesterday and 2 of my options hitted my 50% profit target. I’ve been eyeing on$Occidental Petroleum (OXY.US)$since the rebound recently. Market was up strong but it dipped so I opened a CSP. PNL—since Y2025 : +755 USD XHS (Redbook) for my journal: Click Here Buy the Close Cash Secure Put Watchlist focus more on Consumer Defensive 1.$Dollar General (DG.US)$ 2.$PepsiCo (PEP.US)$ 3.$Coca-Cola (KO.US)$
$Occidental Petroleum (OXY.US)$Supply and demand + predict a global recession + OPEC pumping more too = share price down. note that it takes a while to survey and find potential oil fields and build the infrastructure to drill baby drill.
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OP
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medium term bearish. long term bullish on this stock. may start buying at $40 to $30
QMengColdJoke
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President welcome drill baby but fracking does NOT profit in when WTI is around 60. Inflation and low quality might drive breakeven to 70. Trump’s goal is to have a low oil price. Oil industy will only profit from stronger demand but not higher price
10baggerbamm
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oil prices are down almost $2 you don't want to own oil companies when oil prices are falling and under Trump you either believe what Trump said he's going to do or not and that is within the first 12 months of his inauguration which means a year from yesterday oil prices will be down by 50% that very simply means the profits for every oil company is going to go straight down they're going to earn far less money their margins are going to deteriorate and their stocks will drop precipitously simple as that
73741564 : Humming a tune, riding a slow cow.
老乡我还没上车 OP 73741564 : Only do calls that can make you sleep peacefully.
73741564 老乡我还没上车 OP :