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OXY - Q1 2022 U.S. Value Strategy Newsletter: The Twilight Zone
Occidental Petroleum Corporation
At Smead Capital Management, we are stock market investors. We advise investors that fear stock market failure through a low-turnover, differentiated value discipline seeking wonderful companies to build wealth.
The combination of the Federal Reserve Board’s liquidity and the popularity/stock market domination of technology stocks have entered us into what we will call “The Twilight Zone.”.
Commodities started a bull market in mid-2020 that we believe may have legs for at least a decade.