As Ichan dumps OXY stock and the slide back to the teens continues
9 replies (most recent on top)
Didn't age well HR ? Let's wait until 4Q before jumping the shark.
This post didn't age well.
I learned a long time ago not to get hung up on what Hedge funds do. They all lie, are sneaky and screw retail investors. Like Motley Fool pumpers and dumpers.
Funny it was the CEO of BofA that arranged the Buffett meeting/preferred to avoid the shareholder vote on APC. BofA then made a fortune on the deal (along with Citi) in banking fees. Now they still like the deal - shocker!😏
No, I’m an engineer. It’s not lipstick on a pig. Trust me, this dog is in the hunt now.
HR trying to paint a pig with lipstick or is that VH.
Sorry, wrong article:
https://www.barrons.com/articles/oil-can-stay-hot-but-some-stocks-may-be-overcooked-bank-of-america-says-51615825052?siteid=yhoof2
OXY tripled off the lows from when Buffett sold common shares... There are plenty of articles out there you can read on why Icahn would want to sell some OXY shares and the reasons are valid. Reality is that OXY will continue to do well and prices will increase as economy opens up and OPEC + continue to curb production. Maybe Icahn wants to reallocate to some tech stocks since they've had a pull back.
You'd probably be better off following a top analyst of the industry than analyzing every move a hedge fund needs to make in order to increase returns:
https://www.marketscreener.com/quote/stock/OCCIDENTAL-PETROLEUM-CORP-13928/news/Occidental-Petroleum-nbsp-BofA-Securities-Virtual-2020-Global-Energy-Conference-31902728/
Either that, or maybe just put all of your $ into an S&P 500 index fund.
Most all oil stocks are down.