VBIN's oil stock thread.

[vbin]

(02-05-2022, 04:27 PM)fenders53 Wrote: OXY was that cheap for a reason. Only the majors were safe from financial destruction if the recovery took an extra year to begin.

Yes it was cheap for a reason. But market is pendulum in short run, get too sentimental in both directions and always overshoots. You know this better than me probably. The stock was trading at deep discounts companies to book value and assets they hold.