XLE - Occidental: The Only Oil Stock To Buy And Hold Long-Term
2024-07-12 10:11:30 ET
Summary
- Oil stocks have underperformed the markets considerably over the last decade, due to a lack of structural growth.
- Occidental, however, has the potential to outperform industry peers due to its extensive Delaware basin acreage position and technological development.
- Focus on cost reduction and increasing oil recovery in the Permian will drive value growth for Occidental, even if mid-term oil prices remain stagnant.
The oil market is the realm of short-term traders and rightfully so. Big swings in the price of black gold have been occurring regularly, handsomely rewarding those with acute short-term foresight. However, it was not a great strategy to buy and hold oil stocks during the past couple of decades and most likely it will not be over the next....
Occidental: The Only Oil Stock To Buy And Hold Long-Term