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Thinking of trading OCCIDENTAL PETROLEUM?

    1. Lower oil prices have impacted the whole oil industry, but Occidental has been repositioning its business so that it could thrive at low oil prices. 2. Their 10 year low is nearing the end, so it finally is starting to look attractive to potential investors.
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Trading CFDs involves significant risk of loss

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Trading CFDs involves significant risk of loss

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Trading CFDs involves significant risk of loss

Another petroleum company, and this one was founded way back in 1920. It is engaged in hydrocarbon exploration all across the world.The company is organized in Delaware and has headquarters in Houston.The company is ranked 220th on the Fortune 500 list, and 722nd on Forbes Global 2000.Since we like looking at stock since the beginning of the year, let's do the same for this.So, there was a high in mid April at 68.37USD, however, a new law has recently been reached at 47.43USD which doesn't really look promising.

1. That debt will push up the company's leverage ratio from its currently low level of less than 1.0 times its EBITDA to an elevated 2. 4 next year. That much higher leverage could weigh the company's stock down even further if oil prices continue slumping. 2. While the Anadarko deal makes sense on paper, Occidental paid a high price to win the battle for the company. Chevron (NYSE:CVX) initially agreed to pay nearly a 40% premium for Anadarko. However, Occidental then outbid it by offering $5 billion more. As a result, Anadarko had to pay Chevron $1 billion for breaking its deal. That high price is a big hurdle for Occidental to overcome as it attempts to create value from the acquisition.

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