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OXYP34 trade ideas

Mean Reversion First then Go LongOXY is very extended relative to its moving average ribbon. But the breakout looks promising for a long. Look for consolidation for a few days or a pull back to its 13 EMA to enter long on the the multi year breakout. I traded the fake breakdown on a recession signal a few months ago and now its time to trade the possible breakout on more inflation! To be clear if the pull back doesn't happen I wont chase. Let it reload first. If not There are lots of other tickers out there.
NYSE:OXY
by retailmonkeybrainz
4
OXY hit first targetMy first target for the year just hit on OXY, my setup is 70$ calls in Jan. I plan on holding these longer since the oil reversal was so strong. My next target is 73.5$ which was my hopeful target for the year, but at this rate OXY could hit 80 plus dollars. This slow accumulation and dip into demand over and over is what caused this move, this alongside the oil reversal. -I plan on holding my Jan calls until deep ITM if possible, I will definitely sell the contracts in the winter.
NYSE:OXYLong
by Apollo_CB
Oxy is THE setup of the decade.I do not think it is too late to reap the rewards, And I do not think there will be better opportunities to enter ever again. I believe oil is starting its third wave. Bullish engulfing candle on the weekly here, and also on USOIL. Long term support held, and failed to break down. There will be consequences for bears. I think it is important to own an oil company with most of its exposure in the USA. This is the only land that cannot be negatively influenced by geo-political risk. Other oil bulls appear to include - Warren Buffet, and Rick Rule. I have included a fractal, they rarely play out exactly, but they serve as a rough guide to future expected price action. My cost basis for this stock is 57.15, but i will be re-investing dividends over time.
NYSE:OXYLong
by MikeMM
3
Stocks pairs trading: FANG vs OXYExploring the financial indicators and market behaviors of Occidental Petroleum Corporation (OXY) and Diamondback Energy, Inc. (FANG) offers crucial insights for investors looking to optimize their investment strategies in the energy sector. This analysis highlights the strengths and weaknesses of these companies, guiding investors towards making informed decisions that align with their investment goals. Reasons to Consider Buying FANG Over OXY: Valuation: FANG's P/E ratio of 10.52 is more attractive than OXY's P/E ratio of 15.51, suggesting FANG may be undervalued relative to its earnings potential. This could indicate a more compelling investment opportunity for value-seeking investors. Forward P/E: With a forward P/E of 8.91, FANG is positioned as more favorably valued than OXY, which has a forward P/E of 13.83. This points to analysts expecting FANG's earnings to grow more efficiently compared to its current valuation, presenting a stronger future outlook. Dividend Yield: FANG offers a higher dividend yield, with estimates ranging up to 4.51%, compared to OXY's estimated yield of up to 1.37%. This higher yield suggests FANG is more committed to returning value to shareholders, making it attractive for income-focused investors. Market Performance: FANG has demonstrated superior performance metrics over the past year, including a year-to-date increase of 19.07% compared to OXY's more modest 1.41%. This outperformance underscores FANG's stronger market position and investor confidence. Profit Margin: With a profit margin of 37.09%, FANG significantly outpaces OXY's margin of 13.24%. This higher profit margin reflects FANG's more efficient operations and superior ability to convert sales into net income, highlighting its operational excellence. Growth Prospects: Despite a higher EPS growth next year projected for OXY, FANG's overall market performance, including its performance quarter-over-quarter and year-over-year, along with its strategic position within the energy sector, suggest that it has robust growth prospects. FANG's resilience and ability to adapt to market dynamics make it a potentially stronger investment in the long run. Decision: Buy 1 FANG: Considering FANG's lower valuation, higher dividend yield, superior profit margins, and impressive market performance, it emerges as a compelling buy. Its strategic market position and potential for future growth offer an attractive proposition for investors looking to capitalize on the energy sector's opportunities. Sell 3 OXY: Given its higher valuation, lower dividend yield compared to FANG, and less impressive recent market performance, reallocating investments from OXY to more promising opportunities like FANG could enhance portfolio returns. While OXY shows potential for future EPS growth, FANG's overall financial health and market position suggest a more favorable investment outlook, providing a stronger case for investment reallocation.
NYSE:OXY
by joyny