Did Warren Buffett Whiff On Occidental Petroleum? Maybe Not As OXY Flashes Signs Of Technical Strength
1. OXY shares down 27% over 12 months; below Buffett’s cost basis. 2. Stock rebounded 9% recently; showing technical strength. 3. Shares above short-term moving averages; long-term trend still below 200-day SMA. 4. Occidental expects $1.5 billion in annual free cash flow by 2027. 5. Buffett’s long-term belief in OXY's potential remains strong.