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Occidental Petroleum Corporation (OXY): A Bull Case Theory

We came across a bullish thesis on Occidental Petroleum Corporation (OXY) on WallStreetBets subreddit page by TheRealMarket. In this article, we will summarize the bulls’ thesis on OXY. OXY Technologies, Inc. share was trading at $51.54 as of Sept 30th. OXY’s trailing and forward P/E were 13.35 and 11.15 respectively according to Yahoo Finance.

[caption id="attachment_1239519" align="aligncenter" width="768"] A row of massive oil rigs in a desert landscape, against a setting sun.[/caption]

Occidental Petroleum Corporation (OXY) is currently trading near its 52-week low because...