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)$
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.
👍