No. of Recommendations: 7
Another reasonably priced security I purchased today was the Occidental Petroleum 22-strike 2027 warrants. I paid exactly $37 per warrant and will obviously not be receiving OXY's growing dividend. I also cannot predict oil, gas or NGL prices.
OXY has just posted earnings, conference call slides, and the conference call transcript so the company disclosure is extremely up to date.
There are 900 million OXY shares outstanding and a $3 Billion repurchase plan for this calendar year. Small amounts of Berkshire's preferred will likely be redeemed at a 10% premium to face value this year.
