No. of Recommendations: 9
OXY at 52-week low. Lots of moving parts. Any buyers stepping up?
I have to say, it is starting to look like a fairly serious margin of safety. Obviously the apparent value of a share will go up and down with oil prices for years to come, which nobody can predict, but I think the ten year outlook is probably a very attractive return on an annualized total return basis.
However, I don't intend to buy any myself. I *always* lose money on oil and gas positions, so to step in now would be bad for all the other people who have coat-tailed.
Jim
