Thread regarding Occidental Petroleum Corporation (OXY)

I wouldn’t jump to buy OXY.

Yes, OXY performed good lately and is perhaps the biggest wiener in the O&G sector lately.I I imagine that those that took a run at it during covid are very satisfied right now.
Puting all of that aside there is one thing that bugs me in this whole picture. That one thing is called stability. The stock jumped significantly in a short period of time and there is no guarantee that it won’t drop just as easily. On top of that lies the fact that O&G is a cyclical industry in terms of the stocks keeping its value. Those two thing combined just tell me that those who profited should sell and take their money, and the ones that want to invest should wait at least for a while.

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