- After a horrid 2020 when the stock price was more than halved, OXY is up nearly 50% year-to-date.
- Higher oil prices and the market rotation out of growth/tech stocks and into "value" have put wind in the sail of many O&G companies, including beaten down OXY.
- However, OXY isn't the best way to play the energy rebound in my opinion.
- That is because despite the company's large-scale Permian operations, much of the cash flow generated over the next two years will be used to pay down its massive debt-load.
For further details see:
Occidental Petroleum: Not The Best Way To Play The Energy Rebound