Is Occidental Petroleum a Bargain or a Value Trap Right Now?
The direction of oil prices plays a crucial role in Occidental's stock price.
Overview
Shares of Occidental Petroleum (NYSE: OXY) currently sit about 10% below their 52-week high. Despite that lower price, I think the oil stock is a value trap right now. However, I also believe it's a bargain long-term.
Here's how I reconcile those opposing views.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.