@moonzo：
There’s no premium here….we’ve covered this several times….the ‘normal’ gap between common and warrants is $22.00 — the strike price to convert a warrant to common….the current gap of less than $22.00 means the common is simply undervalued — that’s it…. If you go back in time — let’s say on 8/20/20 when Icahn started his warrant buying spree, the warrants could be bought for $2.99 and the common for $13.40-13.52….the $22.00 strike became the standard gap when the common increased & stabilized….there’s nothing nefarious here — just that the common is slightly undervalued…..JW is a lib who hates America & has no standing in the O&G sector…a sad bitter old woman$Occidental(OXY)$
