Occidental Petroleum Stock Rallies Are Opportunities to Exit

79
9
Favorite

Occidental Petroleum Stock Rallies Are Opportunities to Exit

investorplace2022-06-29

Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（9）

FFIE拿十年
·2022-06-29
🐶屁
Reply
Like
Report
Dan1192
·2022-06-29
Perhaps one fact that can sway the whole argument. The biggest consumption of traditional fuel is not cars, but datacentres
Reply
Like
Report
hellodarz888
·2022-06-29
The sector itself is quite volatile too so its hard to gauge
Reply
3
Report
runningjames
·2022-06-29
Agreed... blind chasing from 52 onwards
Reply
1
Report
loychng
·2022-06-29
Good analysis
Reply
2
Report
SteadyDoesIt
·2022-06-29
Remember that it fell quite a bit in the last two weeks. Very volatile
Reply
3
Report
hphoa
·2022-06-29
Kk
Reply
2
Report
Ruixiang
·2022-06-29
Q
Reply
2
Report
KopiLim
·2022-06-29
Ok
Reply
4
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1139905543?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-06-29 16:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1139905543","market":"us","top_or_hot":-1,"title":"Occidental Petroleum Stock Rallies Are Opportunities to Exit","media":"investorplace","content":"<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Stock Rallies Are Opportunities to Exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Stock Rallies Are Opportunities to Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 16:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OXY","symbol_name":"西方石油","start_time":0,"source_url":"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/","article_id":"1139905543","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139905543","pubTimestamp":1656492150,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billi","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"OXY":"西方石油"},"translate_title":"西方石油股票上涨是退出的机会","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OXY":0.9},"content_text":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum(NYSE:OXY), for example, abruptly fell 25%.Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.TickerCompanyPriceOXYOccidental Petroleum Corporation$62.10The Buffet EffectEvery Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed byExxon(NYSE:XOM) andChevron(NYSE:CVX). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.How I Will Trade OXY StockFrom a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM andUnited States Oil Fund(NYSEARCA:USO) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":683729952,"gmtCreate":1656512810480,"gmtModify":1676533281766,"author":{"id":"3577139034878958","authorId":"3577139034878958","name":"FFIE拿十年","avatar":"https://static.tigerbbs.com/ec3543b4f6ce8da7a47634e4e6223c58","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3577139034878958","authorIdStr":"3577139034878958"},"htmlText":"🐶屁","listText":"🐶屁","text":"🐶屁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/683729952","repostId":1139905543,"repostType":2,"repost":{"id":"1139905543","kind":"news","pubTimestamp":1656492150,"share":"https://ttm.financial/m/news/1139905543?lang=&edition=fundamental","pubTime":"2022-06-29 16:42","market":"us","language":"en","title":"Occidental Petroleum Stock Rallies Are Opportunities to Exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1139905543","media":"investorplace","summary":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billi","content":"<html><head></head><body><ul><li><b>Occidental Petroleum</b>(<b><u>OXY</u></b>) stock&#39;s theme has become too popular.</li><li>Investors are blindly chasing a billionaire lead.</li><li>The trade is to fade the rally from here, not continue to try harder.</li></ul><p><img src=\"https://static.tigerbbs.com/e65b2b4e0aa204ca70432ce75982afd8\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. <b>Occidental Petroleum</b>(NYSE:<b><u>OXY</u></b>), for example, abruptly fell 25%.</p><p>Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Price</b></td></tr><tr><td><b><u>OXY</u></b></td><td>Occidental Petroleum Corporation</td><td>$62.10</td></tr></tbody></table><h2>The Buffet Effect</h2><p>Every Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed by<b>Exxon</b>(NYSE:<b><u>XOM</u></b>) and<b>Chevron</b>(NYSE:<b><u>CVX</u></b>). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.</p><p>If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.</p><p>What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.</p><h2>How I Will Trade OXY Stock<img src=\"https://static.tigerbbs.com/ace5c654d27dc5034a5af6d82fb6c55b\" tg-width=\"300\" tg-height=\"176\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p>From a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM and<b>United States Oil Fund</b>(NYSEARCA:<b><u>USO</u></b>) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.</p><p>Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.</p><p>Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Stock Rallies Are Opportunities to Exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Stock Rallies Are Opportunities to Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 16:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139905543","content_text":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum(NYSE:OXY), for example, abruptly fell 25%.Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.TickerCompanyPriceOXYOccidental Petroleum Corporation$62.10The Buffet EffectEvery Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed byExxon(NYSE:XOM) andChevron(NYSE:CVX). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.How I Will Trade OXY StockFrom a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM andUnited States Oil Fund(NYSEARCA:USO) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":9042405571,"gmtCreate":1656509734093,"gmtModify":1676535842444,"author":{"id":"3580519485452891","authorId":"3580519485452891","name":"Dan1192","avatar":"https://community-static.tradeup.com/news/b81c29971d6ab7fd0c6f219b749f40ee","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"3580519485452891","authorIdStr":"3580519485452891"},"htmlText":"Perhaps one fact&nbsp;that can sway the whole argument. The biggest consumption of traditional fuel is not cars, but datacentres","listText":"Perhaps one fact&nbsp;that can sway the whole argument. The biggest consumption of traditional fuel is not cars, but datacentres","text":"Perhaps one fact that can sway the whole argument. The biggest consumption of traditional fuel is not cars, but datacentres","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042405571","repostId":1139905543,"repostType":4,"repost":{"id":"1139905543","kind":"news","pubTimestamp":1656492150,"share":"https://ttm.financial/m/news/1139905543?lang=&edition=fundamental","pubTime":"2022-06-29 16:42","market":"us","language":"en","title":"Occidental Petroleum Stock Rallies Are Opportunities to Exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1139905543","media":"investorplace","summary":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billi","content":"<html><head></head><body><ul><li><b>Occidental Petroleum</b>(<b><u>OXY</u></b>) stock&#39;s theme has become too popular.</li><li>Investors are blindly chasing a billionaire lead.</li><li>The trade is to fade the rally from here, not continue to try harder.</li></ul><p><img src=\"https://static.tigerbbs.com/e65b2b4e0aa204ca70432ce75982afd8\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. <b>Occidental Petroleum</b>(NYSE:<b><u>OXY</u></b>), for example, abruptly fell 25%.</p><p>Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Price</b></td></tr><tr><td><b><u>OXY</u></b></td><td>Occidental Petroleum Corporation</td><td>$62.10</td></tr></tbody></table><h2>The Buffet Effect</h2><p>Every Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed by<b>Exxon</b>(NYSE:<b><u>XOM</u></b>) and<b>Chevron</b>(NYSE:<b><u>CVX</u></b>). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.</p><p>If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.</p><p>What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.</p><h2>How I Will Trade OXY Stock<img src=\"https://static.tigerbbs.com/ace5c654d27dc5034a5af6d82fb6c55b\" tg-width=\"300\" tg-height=\"176\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p>From a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM and<b>United States Oil Fund</b>(NYSEARCA:<b><u>USO</u></b>) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.</p><p>Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.</p><p>Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Stock Rallies Are Opportunities to Exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Stock Rallies Are Opportunities to Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 16:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139905543","content_text":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum(NYSE:OXY), for example, abruptly fell 25%.Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.TickerCompanyPriceOXYOccidental Petroleum Corporation$62.10The Buffet EffectEvery Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed byExxon(NYSE:XOM) andChevron(NYSE:CVX). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.How I Will Trade OXY StockFrom a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM andUnited States Oil Fund(NYSEARCA:USO) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042589324,"gmtCreate":1656498378868,"gmtModify":1676535840782,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3583033675115574","authorIdStr":"3583033675115574"},"htmlText":"The sector itself is quite volatile too so its hard to gauge","listText":"The sector itself is quite volatile too so its hard to gauge","text":"The sector itself is quite volatile too so its hard to gauge","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042589324","repostId":1139905543,"repostType":2,"repost":{"id":"1139905543","kind":"news","pubTimestamp":1656492150,"share":"https://ttm.financial/m/news/1139905543?lang=&edition=fundamental","pubTime":"2022-06-29 16:42","market":"us","language":"en","title":"Occidental Petroleum Stock Rallies Are Opportunities to Exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1139905543","media":"investorplace","summary":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billi","content":"<html><head></head><body><ul><li><b>Occidental Petroleum</b>(<b><u>OXY</u></b>) stock&#39;s theme has become too popular.</li><li>Investors are blindly chasing a billionaire lead.</li><li>The trade is to fade the rally from here, not continue to try harder.</li></ul><p><img src=\"https://static.tigerbbs.com/e65b2b4e0aa204ca70432ce75982afd8\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. <b>Occidental Petroleum</b>(NYSE:<b><u>OXY</u></b>), for example, abruptly fell 25%.</p><p>Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Price</b></td></tr><tr><td><b><u>OXY</u></b></td><td>Occidental Petroleum Corporation</td><td>$62.10</td></tr></tbody></table><h2>The Buffet Effect</h2><p>Every Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed by<b>Exxon</b>(NYSE:<b><u>XOM</u></b>) and<b>Chevron</b>(NYSE:<b><u>CVX</u></b>). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.</p><p>If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.</p><p>What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.</p><h2>How I Will Trade OXY Stock<img src=\"https://static.tigerbbs.com/ace5c654d27dc5034a5af6d82fb6c55b\" tg-width=\"300\" tg-height=\"176\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p>From a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM and<b>United States Oil Fund</b>(NYSEARCA:<b><u>USO</u></b>) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.</p><p>Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.</p><p>Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Stock Rallies Are Opportunities to Exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Stock Rallies Are Opportunities to Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 16:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139905543","content_text":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum(NYSE:OXY), for example, abruptly fell 25%.Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.TickerCompanyPriceOXYOccidental Petroleum Corporation$62.10The Buffet EffectEvery Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed byExxon(NYSE:XOM) andChevron(NYSE:CVX). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.How I Will Trade OXY StockFrom a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM andUnited States Oil Fund(NYSEARCA:USO) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042514308,"gmtCreate":1656497729604,"gmtModify":1676535840718,"author":{"id":"4117336023184202","authorId":"4117336023184202","name":"runningjames","avatar":"https://community-static.tradeup.com/news/3467c93ce8ec8c583f28f405e68f0c00","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"4117336023184202","authorIdStr":"4117336023184202"},"htmlText":"Agreed... blind chasing from 52 onwards","listText":"Agreed... blind chasing from 52 onwards","text":"Agreed... blind chasing from 52 onwards","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042514308","repostId":1139905543,"repostType":4,"repost":{"id":"1139905543","kind":"news","pubTimestamp":1656492150,"share":"https://ttm.financial/m/news/1139905543?lang=&edition=fundamental","pubTime":"2022-06-29 16:42","market":"us","language":"en","title":"Occidental Petroleum Stock Rallies Are Opportunities to Exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1139905543","media":"investorplace","summary":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billi","content":"<html><head></head><body><ul><li><b>Occidental Petroleum</b>(<b><u>OXY</u></b>) stock&#39;s theme has become too popular.</li><li>Investors are blindly chasing a billionaire lead.</li><li>The trade is to fade the rally from here, not continue to try harder.</li></ul><p><img src=\"https://static.tigerbbs.com/e65b2b4e0aa204ca70432ce75982afd8\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. <b>Occidental Petroleum</b>(NYSE:<b><u>OXY</u></b>), for example, abruptly fell 25%.</p><p>Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Price</b></td></tr><tr><td><b><u>OXY</u></b></td><td>Occidental Petroleum Corporation</td><td>$62.10</td></tr></tbody></table><h2>The Buffet Effect</h2><p>Every Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed by<b>Exxon</b>(NYSE:<b><u>XOM</u></b>) and<b>Chevron</b>(NYSE:<b><u>CVX</u></b>). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.</p><p>If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.</p><p>What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.</p><h2>How I Will Trade OXY Stock<img src=\"https://static.tigerbbs.com/ace5c654d27dc5034a5af6d82fb6c55b\" tg-width=\"300\" tg-height=\"176\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p>From a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM and<b>United States Oil Fund</b>(NYSEARCA:<b><u>USO</u></b>) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.</p><p>Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.</p><p>Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Stock Rallies Are Opportunities to Exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Stock Rallies Are Opportunities to Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 16:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139905543","content_text":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum(NYSE:OXY), for example, abruptly fell 25%.Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.TickerCompanyPriceOXYOccidental Petroleum Corporation$62.10The Buffet EffectEvery Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed byExxon(NYSE:XOM) andChevron(NYSE:CVX). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.How I Will Trade OXY StockFrom a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM andUnited States Oil Fund(NYSEARCA:USO) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042536775,"gmtCreate":1656495669297,"gmtModify":1676535840423,"author":{"id":"3586055114434039","authorId":"3586055114434039","name":"loychng","avatar":"https://static.tigerbbs.com/eb649759892edacaa4759c163304f09d","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3586055114434039","authorIdStr":"3586055114434039"},"htmlText":"Good analysis","listText":"Good analysis","text":"Good analysis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042536775","repostId":1139905543,"repostType":4,"repost":{"id":"1139905543","kind":"news","pubTimestamp":1656492150,"share":"https://ttm.financial/m/news/1139905543?lang=&edition=fundamental","pubTime":"2022-06-29 16:42","market":"us","language":"en","title":"Occidental Petroleum Stock Rallies Are Opportunities to Exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1139905543","media":"investorplace","summary":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billi","content":"<html><head></head><body><ul><li><b>Occidental Petroleum</b>(<b><u>OXY</u></b>) stock&#39;s theme has become too popular.</li><li>Investors are blindly chasing a billionaire lead.</li><li>The trade is to fade the rally from here, not continue to try harder.</li></ul><p><img src=\"https://static.tigerbbs.com/e65b2b4e0aa204ca70432ce75982afd8\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. <b>Occidental Petroleum</b>(NYSE:<b><u>OXY</u></b>), for example, abruptly fell 25%.</p><p>Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Price</b></td></tr><tr><td><b><u>OXY</u></b></td><td>Occidental Petroleum Corporation</td><td>$62.10</td></tr></tbody></table><h2>The Buffet Effect</h2><p>Every Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed by<b>Exxon</b>(NYSE:<b><u>XOM</u></b>) and<b>Chevron</b>(NYSE:<b><u>CVX</u></b>). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.</p><p>If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.</p><p>What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.</p><h2>How I Will Trade OXY Stock<img src=\"https://static.tigerbbs.com/ace5c654d27dc5034a5af6d82fb6c55b\" tg-width=\"300\" tg-height=\"176\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p>From a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM and<b>United States Oil Fund</b>(NYSEARCA:<b><u>USO</u></b>) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.</p><p>Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.</p><p>Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Stock Rallies Are Opportunities to Exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Stock Rallies Are Opportunities to Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 16:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139905543","content_text":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum(NYSE:OXY), for example, abruptly fell 25%.Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.TickerCompanyPriceOXYOccidental Petroleum Corporation$62.10The Buffet EffectEvery Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed byExxon(NYSE:XOM) andChevron(NYSE:CVX). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.How I Will Trade OXY StockFrom a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM andUnited States Oil Fund(NYSEARCA:USO) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042594144,"gmtCreate":1656493895588,"gmtModify":1676535840253,"author":{"id":"4087620073091560","authorId":"4087620073091560","name":"SteadyDoesIt","avatar":"https://static.tigerbbs.com/ab599edb0711e3b18e0dda8931ea8e4a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087620073091560","authorIdStr":"4087620073091560"},"htmlText":"Remember that it fell quite a bit in the last two weeks. &nbsp;Very volatile","listText":"Remember that it fell quite a bit in the last two weeks. &nbsp;Very volatile","text":"Remember that it fell quite a bit in the last two weeks. Very volatile","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042594144","repostId":1139905543,"repostType":4,"repost":{"id":"1139905543","kind":"news","pubTimestamp":1656492150,"share":"https://ttm.financial/m/news/1139905543?lang=&edition=fundamental","pubTime":"2022-06-29 16:42","market":"us","language":"en","title":"Occidental Petroleum Stock Rallies Are Opportunities to Exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1139905543","media":"investorplace","summary":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billi","content":"<html><head></head><body><ul><li><b>Occidental Petroleum</b>(<b><u>OXY</u></b>) stock&#39;s theme has become too popular.</li><li>Investors are blindly chasing a billionaire lead.</li><li>The trade is to fade the rally from here, not continue to try harder.</li></ul><p><img src=\"https://static.tigerbbs.com/e65b2b4e0aa204ca70432ce75982afd8\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. <b>Occidental Petroleum</b>(NYSE:<b><u>OXY</u></b>), for example, abruptly fell 25%.</p><p>Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Price</b></td></tr><tr><td><b><u>OXY</u></b></td><td>Occidental Petroleum Corporation</td><td>$62.10</td></tr></tbody></table><h2>The Buffet Effect</h2><p>Every Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed by<b>Exxon</b>(NYSE:<b><u>XOM</u></b>) and<b>Chevron</b>(NYSE:<b><u>CVX</u></b>). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.</p><p>If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.</p><p>What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.</p><h2>How I Will Trade OXY Stock<img src=\"https://static.tigerbbs.com/ace5c654d27dc5034a5af6d82fb6c55b\" tg-width=\"300\" tg-height=\"176\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p>From a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM and<b>United States Oil Fund</b>(NYSEARCA:<b><u>USO</u></b>) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.</p><p>Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.</p><p>Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Stock Rallies Are Opportunities to Exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Stock Rallies Are Opportunities to Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 16:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139905543","content_text":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum(NYSE:OXY), for example, abruptly fell 25%.Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.TickerCompanyPriceOXYOccidental Petroleum Corporation$62.10The Buffet EffectEvery Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed byExxon(NYSE:XOM) andChevron(NYSE:CVX). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.How I Will Trade OXY StockFrom a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM andUnited States Oil Fund(NYSEARCA:USO) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042594307,"gmtCreate":1656493877809,"gmtModify":1676535840252,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578790486524477","authorIdStr":"3578790486524477"},"htmlText":"Kk","listText":"Kk","text":"Kk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042594307","repostId":1139905543,"repostType":4,"repost":{"id":"1139905543","kind":"news","pubTimestamp":1656492150,"share":"https://ttm.financial/m/news/1139905543?lang=&edition=fundamental","pubTime":"2022-06-29 16:42","market":"us","language":"en","title":"Occidental Petroleum Stock Rallies Are Opportunities to Exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1139905543","media":"investorplace","summary":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billi","content":"<html><head></head><body><ul><li><b>Occidental Petroleum</b>(<b><u>OXY</u></b>) stock&#39;s theme has become too popular.</li><li>Investors are blindly chasing a billionaire lead.</li><li>The trade is to fade the rally from here, not continue to try harder.</li></ul><p><img src=\"https://static.tigerbbs.com/e65b2b4e0aa204ca70432ce75982afd8\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. <b>Occidental Petroleum</b>(NYSE:<b><u>OXY</u></b>), for example, abruptly fell 25%.</p><p>Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Price</b></td></tr><tr><td><b><u>OXY</u></b></td><td>Occidental Petroleum Corporation</td><td>$62.10</td></tr></tbody></table><h2>The Buffet Effect</h2><p>Every Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed by<b>Exxon</b>(NYSE:<b><u>XOM</u></b>) and<b>Chevron</b>(NYSE:<b><u>CVX</u></b>). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.</p><p>If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.</p><p>What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.</p><h2>How I Will Trade OXY Stock<img src=\"https://static.tigerbbs.com/ace5c654d27dc5034a5af6d82fb6c55b\" tg-width=\"300\" tg-height=\"176\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p>From a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM and<b>United States Oil Fund</b>(NYSEARCA:<b><u>USO</u></b>) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.</p><p>Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.</p><p>Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Stock Rallies Are Opportunities to Exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Stock Rallies Are Opportunities to Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 16:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139905543","content_text":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum(NYSE:OXY), for example, abruptly fell 25%.Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.TickerCompanyPriceOXYOccidental Petroleum Corporation$62.10The Buffet EffectEvery Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed byExxon(NYSE:XOM) andChevron(NYSE:CVX). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.How I Will Trade OXY StockFrom a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM andUnited States Oil Fund(NYSEARCA:USO) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042590026,"gmtCreate":1656492350065,"gmtModify":1676535839992,"author":{"id":"3573100524668837","authorId":"3573100524668837","name":"Ruixiang","avatar":"https://static.tigerbbs.com/7f71da180ee0c8214a37155cd6d7f87c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3573100524668837","authorIdStr":"3573100524668837"},"htmlText":"Q","listText":"Q","text":"Q","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042590026","repostId":1139905543,"repostType":4,"repost":{"id":"1139905543","kind":"news","pubTimestamp":1656492150,"share":"https://ttm.financial/m/news/1139905543?lang=&edition=fundamental","pubTime":"2022-06-29 16:42","market":"us","language":"en","title":"Occidental Petroleum Stock Rallies Are Opportunities to Exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1139905543","media":"investorplace","summary":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billi","content":"<html><head></head><body><ul><li><b>Occidental Petroleum</b>(<b><u>OXY</u></b>) stock&#39;s theme has become too popular.</li><li>Investors are blindly chasing a billionaire lead.</li><li>The trade is to fade the rally from here, not continue to try harder.</li></ul><p><img src=\"https://static.tigerbbs.com/e65b2b4e0aa204ca70432ce75982afd8\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. <b>Occidental Petroleum</b>(NYSE:<b><u>OXY</u></b>), for example, abruptly fell 25%.</p><p>Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Price</b></td></tr><tr><td><b><u>OXY</u></b></td><td>Occidental Petroleum Corporation</td><td>$62.10</td></tr></tbody></table><h2>The Buffet Effect</h2><p>Every Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed by<b>Exxon</b>(NYSE:<b><u>XOM</u></b>) and<b>Chevron</b>(NYSE:<b><u>CVX</u></b>). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.</p><p>If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.</p><p>What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.</p><h2>How I Will Trade OXY Stock<img src=\"https://static.tigerbbs.com/ace5c654d27dc5034a5af6d82fb6c55b\" tg-width=\"300\" tg-height=\"176\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p>From a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM and<b>United States Oil Fund</b>(NYSEARCA:<b><u>USO</u></b>) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.</p><p>Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.</p><p>Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Stock Rallies Are Opportunities to Exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Stock Rallies Are Opportunities to Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 16:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139905543","content_text":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum(NYSE:OXY), for example, abruptly fell 25%.Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.TickerCompanyPriceOXYOccidental Petroleum Corporation$62.10The Buffet EffectEvery Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed byExxon(NYSE:XOM) andChevron(NYSE:CVX). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.How I Will Trade OXY StockFrom a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM andUnited States Oil Fund(NYSEARCA:USO) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042507758,"gmtCreate":1656492335275,"gmtModify":1676535839985,"author":{"id":"3562886608344748","authorId":"3562886608344748","name":"KopiLim","avatar":"https://static.tigerbbs.com/04fcef53a2e715c173a40fafa14a7fe6","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"3562886608344748","authorIdStr":"3562886608344748"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042507758","repostId":1139905543,"repostType":4,"repost":{"id":"1139905543","kind":"news","pubTimestamp":1656492150,"share":"https://ttm.financial/m/news/1139905543?lang=&edition=fundamental","pubTime":"2022-06-29 16:42","market":"us","language":"en","title":"Occidental Petroleum Stock Rallies Are Opportunities to Exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1139905543","media":"investorplace","summary":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billi","content":"<html><head></head><body><ul><li><b>Occidental Petroleum</b>(<b><u>OXY</u></b>) stock&#39;s theme has become too popular.</li><li>Investors are blindly chasing a billionaire lead.</li><li>The trade is to fade the rally from here, not continue to try harder.</li></ul><p><img src=\"https://static.tigerbbs.com/e65b2b4e0aa204ca70432ce75982afd8\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. <b>Occidental Petroleum</b>(NYSE:<b><u>OXY</u></b>), for example, abruptly fell 25%.</p><p>Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Price</b></td></tr><tr><td><b><u>OXY</u></b></td><td>Occidental Petroleum Corporation</td><td>$62.10</td></tr></tbody></table><h2>The Buffet Effect</h2><p>Every Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed by<b>Exxon</b>(NYSE:<b><u>XOM</u></b>) and<b>Chevron</b>(NYSE:<b><u>CVX</u></b>). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.</p><p>If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.</p><p>What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.</p><h2>How I Will Trade OXY Stock<img src=\"https://static.tigerbbs.com/ace5c654d27dc5034a5af6d82fb6c55b\" tg-width=\"300\" tg-height=\"176\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></h2><p>From a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM and<b>United States Oil Fund</b>(NYSEARCA:<b><u>USO</u></b>) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.</p><p>Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.</p><p>Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Stock Rallies Are Opportunities to Exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Stock Rallies Are Opportunities to Exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 16:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two ...</p>\n\n<a href=\"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://investorplace.com/2022/06/occidental-petroleum-stock-rallies-are-opportunities-to-exit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139905543","content_text":"Occidental Petroleum(OXY) stock's theme has become too popular.Investors are blindly chasing a billionaire lead.The trade is to fade the rally from here, not continue to try harder.In the last two weeks, I’ve fielded a question often enough that it deserves its own write-up. This year, the oil trade has been extremely popular. And up until recently, it has been profitable for the bulls. But last week, their party suffered a serious setback. Occidental Petroleum(NYSE:OXY), for example, abruptly fell 25%.Today, I will answer the question if it is time to buy the dip in OXY stock. Spoiler alert; the answer is no. But this is nothing against the company itself. The rhetoric from the oil experts was too unanimous. As a result, expectations have risen to a near impossible level.TickerCompanyPriceOXYOccidental Petroleum Corporation$62.10The Buffet EffectEvery Sunday, I hold a weekly free webinar in which I review 150 charts by request. Over the last two weeks, the list had more oil stock questions than ever before. OXY is always at the top of the list, followed byExxon(NYSE:XOM) andChevron(NYSE:CVX). I can personally vouch for the quality of the latter two. And apparently, Mr. Warren Buffet’s team loves OXY stock. Regardless, my apprehension for owning the stock comes from the narrative.If it spikes, I am looking to re-short it, like I did in early June. There are warning signs of buyer exhaustion. I could not recently rally even on news thatMr. Buffet added to his position. Frankly, he is going against his mantra. Normally, he preaches being cautious when everyone is greedy. In this case, he is making everyone greedy because of his accumulation of it. The difference is that we cannot trade like a billionaire. His goal is not to profit from the stock price. He’s probably looking to own the company’s cash flow eventually.What is dangerous here is that not enough people are considering that the correction has just begun. There is a realistic technical scenario that places OXY stock near $45 per share. This would become a target if OXY stock falls below $54.30. The bulls will have a last chance effort at $51.70, but then it’s game over. The February rally was too violent and may have created a weak pocket that needs revisiting. I would not advise shorting it immediately. Wait until more ticks unfold this and next week.How I Will Trade OXY StockFrom a trading perspective, if OXY rekindles it upside trajectory, I would repurchase put options. That worked like a charm recently and it paid us seven times our investment. I have enough profits in pocket to brave another. I also did the same with XOM andUnited States Oil Fund(NYSEARCA:USO) stocks. The levels I would deem short-able are near $65, or even better near $70 per share.Once again, I’d like to point out that I don’t have much beef with the quality of the company. I’ve taken issue with the oil rhetoric, which was the cause for the immensely unreasonable rally. The OXY stock metrics are this good now only because of the higher commodity prices. This is not an explosion in production story. They last reported a huge$2.13 increase to income per share. However, production was only up 1.6% compared to last year’s. This is by definition a temporary situation, so it’s risky to assume it will persist.Experts would have us believe that demand for energy is exploding. But in reality,demand is still below pre-pandemic levels. In addition, all major car manufacturers have committed to killing fossil fuel projects. If that’s the case, then the demand curve is about to take a tumble. It’s not an opinion, but a mathematical fact. Add to this that environmental, social and governance investing is now crossing over from fad to global laws. Oil consumption is a dying theme, so rallies should be opportunities to exit stocks, not chase.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":79,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}