BY MARK SEBASTIAN
December 14, 2023
Each week, I’ll give an overview of a stock and Licia Leslie will follow that up with a chart analysis the next day. Bill Griffo will chime in with macro analysis and Andrew Giovinazzi will then finish out the week with a volatility breakdown.
Have a stock YOU want us to review? Email my team here. – Mark
Oil and Gas is constantly being fought among politicians.
On one side there is ‘drill baby drill’ and on the other is ‘Green Energy.’
I do not have a horse in this race, but I do have opinions on what companies make money.
A name like RIG that hasn’t made money in years…I am going to ignore…But then there are the energy firms that investors love.
Warren Buffet is a big time buyer of the company we are discussing today…OXY….
He has some good reasons…
The PE is relatively low as 12, the company pays a nice dividend of .67 a year…the company has a huge cash flow of positive 11.78 dollars per share.
This is a company that makes money.
What I love about OXY is that they have been shedding debt…
After a massive spike in borrowing at the end of 2019, the company has been slowly paying off these debts.
A company that is making money and paying down debt…that is a win.
Near term…I’ll leave for Licia…but long term…
This is a 70 dollar stock..that is why buffett is buying it.
Your only option,
Mark Sebastian
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Mark Sebastian
Founder & CEO, Option Pit
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