When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
OXY - Occidental Petroleum: Enticing 7% Yield Building A Basis For Growth
Occidental Petroleum Corporation
Occidental Petroleum (OXY) is a controversial stock. The Anadarko Petroleum (APC) acquisition put heavy pressure on the shares in recent months, and the dividend yield has now risen to over 7%. Management claims the dividend is a top priority, but reducing the debt (by continuing to sell non-core assets) and recognizing synergies from the acquisition are critical. This article reviews the business, the acquisition, the leverage, risks, and finally concludes with our opinion about investing.