Occidental Petroleum Stock Discussion

101721316 : why do you say that

chanliu1983 : Oxy so so lah what you think

小轮子秘方 OP chanliu1983 : haha shall see support at 48 - 49 range

103372992 OP : medium term bearish.  long term bullish on this stock.  may start buying at $40 to $30

QMengColdJoke : Only nuts  drill at this price.

QMengColdJoke : 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 : 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