APC - Occidental Petroleum - Scratching My Head While Buffet Grabbed It
Source: Occidental Petroleum Corp.
Investment Thesis
The Houston-based Occidental Petroleum (OXY) is an energy-integrated company, specializing mainly in crude oil, natural gas exploration, and production.
Occidental Petroleum is considered as an ideal long-term domestic oil play and in theory, should be bought regularly when the price is weak.
The company is paying a stable dividend yield of 5.31% which is quite impressive.
However, I said, in theory only, because of the company's attempt to acquire Anadarko Petroleum (APC) at a considerable premium, which could eventually make sense to the company, but