Prediction Occidental Petroleum Will Soar Over the Next 5 Years. Here's 1 Reason Why.
Occidental Petroleum (NYSE: OXY) has a multitude of potential upside catalysts. From higher oil prices to Warren Buffett's buying to its non-oil growth drivers, the oil company has a lot of positives. However, I see one factor potentially playing a major role in driving up Occidental's stock price in the coming years -- deleveraging its balance sheet. Here's why I think it could give the oil stock the fuel to soar over the next five years.Image source: Getty Images.Continue reading
Occidental Petroleum (NYSE: OXY) has a multitude of potential upside catalysts. From higher oil prices to Warren Buffett's buying to its non-oil growth drivers, the oil company has a lot of positives.
However, I see one factor potentially playing a major role in driving up Occidental's stock price in the coming years -- deleveraging its balance sheet. Here's why I think it could give the oil stock the fuel to soar over the next five years.
Image source: Getty Images.
