Thread regarding Occidental Petroleum Corporation (OXY)

Oxy may have reached its peak.

I was honestly hoping to get some different views on the stock’s performance. Last couple of months everyone is talking about OXY, as an example of good business, especially in the light of the fact that OXY paid off a good portion of its debt and in the light of the Anadarko deal turning out to be a good move.
All of those factors may have contributed to a healthy growth trend that we are seeing lately. However, every trend has to end, and there is absolutely no solid proof that OXY can continue on a rising path. Have they produced exceptional earnings?I think not. Have they made good investments for the future that could grow the company? Not really. I think the stock will stay in the price range of 70 something for a long time. Of course other points of view are welcomed.

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