VBIN's oil stock thread.

[vbin]

(04-02-2022, 12:57 PM)Kerim Wrote: I feel like I've been sleeping on this one. You all still liking EOG at today's prices? Anyone following Berskshire into OXY?

I still had some oxy left. Bought more again after buffet started buying. Vicky is buying her own oxy too.

Oxy pumps ~2m barrels oil a day, 2*365 = 730m. If oil stays at 100 for 1 year, that’s 730*100 = 73,000m in cash flow. Do the maths where this company is trading at. This is misprinting at its best.

Edit: oxy pumps combined 1.9m oil and gas. Oil is approx 400-500m a year( based on what I found online). Still very cheap. They gonna pay down more debt, may be issue special divvy and I think their ratings will get revised.