https://finance.yahoo.com/news/occidental-oil-hedge-racks-losses-204124514.html
5 replies (most recent on top)
ZZZZZZZZ. Sorry, I must have dozed off. We’re you saying something?
That is the thing about the oil patch that rips us apart. We make money at the expense of the environment and in the case of an international oil company the oppression of people throughout the world. Oppression is by support of evil dictators and corrupt regimes. Oh, it is all perfectly legal but not ethical. Even bags of money delivered to middlemen is often legal but is it ethical?
Yet my hefty paycheck keeps showing up in my bank account every two weeks.
It's great to STILL be working in the oil patch.
They don't like facts at Oxy, just bigotry and track records of incompetent disasters.
There is a reason why at one point in history Oxy stopped hedging. In this case it solved the downside issue of 2020 which was a good thing.