Dimitar Nikolaev Uzunov
Edited
Recommended stock of the month: $OXY (Occidental Petroleum Corp) $OXY is one of the world's largest independent oil and gas producers. Reasons for the recommendation: - Given its current valuation has high mid to long term growth potential - Current market price is near the average buy price of the company’s largest shareholder Berkshire Hathaway - Berkshire currently owns around 27% of its outstanding shares and has regulatory approval to buy up to half the company - The company has continued to outperform guidance with its recent CrownRock acquisition (cash-and-stock deal valued at 12 billion USD) - Has repaid roughly 4 billion USD of its debt during the quarter and continues to strengthen its balance sheet and making itself more competitive - Current OPEC+ production cuts support the market - Continued long term demand for its products Disclaimer: The information contained here is for general information purposes only. Any reliance you place on such information is strictly at your own risk. It is not intended to constitute legal or financial advice and does not take your individual circumstances and financial situation into account. I encourage you to seek assistance from a trusted financial adviser, legal or other professional advice.
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OXY
Occidental Petroleum Corp
41.24
1.01 (2.51%)
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