@moonzo:Thereās no premium hereā¦.weāve covered this several timesā¦.the ānormalā gap between common and warrants is $22.00 ā the strike price to convert a warrant to commonā¦.the current gap of less than $22.00 means the common is simply undervalued ā thatās itā¦. If you go back in time ā letās say on 8/20/20 when Icahn started his warrant buying spree, the warrants could be bought for $2.99 and the common for $13.40-13.52ā¦.the $22.00 strike became the standard gap when the common increased & stabilizedā¦.thereās nothing nefarious here ā just that the common is slightly undervaluedā¦..JW is a lib who hates America & has no standing in the O&G sectorā¦a sad bitter old woman$Occidental(OXY)$