Is Occidental Petroleum Stock a Buy?
Shares of Occidental Petroleum (NYSE: OXY) have plummeted a stunning 77% this year. The oil stock is currently trading right around its lowest point even though it has made some progress on its debt reduction plan and the oil market has improved a bit.
That combination of bottom-of-the-barrel valuation and notable improvement might have contrarian investors wondering if now's the time to buy this beaten-up oil giant. Here's a look at the bull and bear cases for buying Occidental these days.
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Source Fool.com
