OXY Maintaining my position and moving my take profit to 104 USD
OXY Maintaining my position and moving my take profit to 55 USD.
Warren Buffett's Berkshire cleared by regulators to buy up to half of Occidental Petroleum stock -- WSJ.
Occidental Petroleum Corp.'s shares jumped to lead the S&P 500, up 9% after the Federal Energy Regulatory Commission said that Warren Buffett's Berkshire Hathaway Inc. had asked for and recieved its permission to buy up to 50% of the oil producer's shares.
The average price target of stock analysts according to Tip Ranks is on 76 USD or 2 STD above the 200D EMA. That is the next resistance and a good level to sell. Nevertheless, I'm more bullish after this news and the geopolitical tensions in Europe that could cause a severe shortfall of LNG.
Source: Dow Jones Global News
Warren Buffett's Berkshire cleared by regulators to buy up to half of Occidental Petroleum stock -- WSJ.
Occidental Petroleum Corp.'s shares jumped to lead the S&P 500, up 9% after the Federal Energy Regulatory Commission said that Warren Buffett's Berkshire Hathaway Inc. had asked for and recieved its permission to buy up to 50% of the oil producer's shares.
The average price target of stock analysts according to Tip Ranks is on 76 USD or 2 STD above the 200D EMA. That is the next resistance and a good level to sell. Nevertheless, I'm more bullish after this news and the geopolitical tensions in Europe that could cause a severe shortfall of LNG.
Source: Dow Jones Global News
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