No. of Recommendations: 12
The price of OXY has been all over the place with their financial difficulties of the past, but if you plot the stock price vs oil price for the last two years of relative corporate stability, you'll see a very close match. I think this will continue going forward. If you think long term oil prices will have an upward trend, the stock would be a good buy, but then if you really know the future, oil futures would be an even better buy.
I worked for some of the the biggest oil companies who could afford the finest analysts and had the best data available. The were often wrong in their oil price projections. Very often very wrong.
