No. of Recommendations: 2
Maybe you cannot read into APPL sale but the OXY and CHV positions and adds are undeniable.
Wall Street HATES energy stocks yet: Demand remains strong, inventories at 2017 levels and supply in Permian is slowing. OXY CEO warns daily of shortages by 2025.
WEB sees returns, low multiples and big divvies.
Energy SELECTIVELY is a buy
No. of Recommendations: 4
Occidental Petro beats by $0.07, beats on revs; increased quarterly dividend by 22% to $0.22/share
Reports Q4 (Dec) earnings of $0.74 per share, excluding non-recurring items, $0.07 better than the FactSet Consensus of $0.67; revenues fell 9.6% year/year to $7.53 bln vs the $6.93 bln FactSet Consensus.
Capital spending of $1,544 million and contributions from noncontrolling interest of $98 million, resulting in quarterly free cash flow before working capital of $1.1 billion.
Total company production of 1,234 Mboed exceeded the mid-point of guidance by 8 Mboed, overcoming a third-party outage in eastern Gulf of Mexico.
Co increased quarterly dividend by 22% to $0.22/share
