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SeekingAlpha Energy Stocks (Free subscription) | 23/11/2009
Kurt Wulff ( McDep Associates ) submits: Buy-recommended Occidental Petroleum ( OXY ) offers unlevered appreciation potential of 12% to a McDep Ratio of 1.0 where stock price would equal Net Present Value (NPV) of $95 a share. The increase in NPV from $87 is justified by a strong trend in cash flow generation and a long reserve life index of 11.2 years. Third quarter results released October 22 disclosed...
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publishaletter.com (Free subscription) | 21/11/2009
Dear Editor: Please do a story on the contributions Senator Max Baucus of Montana receives from lobbyists in the healthcare and other industries, so that your readers will know why he votes the way he does, putting profits before people. He seems to be one of the most corrupt politicians we have seen in recent times but his conflicts or interest are rarely highlighted in the media. I'd also like to...
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DealBreaker (Free subscription) | 19/11/2009
Castle Hallenstein: Home Sweet Home Citigroup's former $100 million man has been freed from the tyranny of life as a serf under Czar Kenneth I. But if he wants to keep the nine-figure bonus checks rolling in under his new masters at Occidental Petroleum, he's gonna need some new patrons. Now, Citi chose to sell Hall's business, Phibro, to Occidental for a few nickels rather than simply spin it off...
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The Business Insider (Free subscription) | 19/11/2009
Phibro is rebounding well from the $100 million pay scandal involving its star trader, Andy Hall. Phibro opened its unit to hedge fund investors this month through Park Hill Group, a Blackstone subsidiary. Citi relinquished the energy-trading unit last month, selling to Occidental (OXY) after news of government-owned Citi's contract-bound obligation to pay Hall $100 million as part of a profit-share...
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France24 (Free subscription) | 12/11/2009
Bahrain's oil and gas minister Abdul Hussein Mirza on Thursday said the Gulf nation is seeking to increase its oil production to 250,000 barrels per day (bpd) over the next seven years. Bahrain currently pumps 33,000 bpd of oil from its own field, and plans to raise that to 100,000 bpd in seven years after an agreement last month with US oil firm Occidental Petroleum Corp and Abu Dhabi's Mubadala...
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SeekingAlpha ETFs (Free subscription) | 12/11/2009
Tom Lydon (ETF Trends) submits: ETF Spotlight on iShares Dow Jones U.S. Oil & Gas Exploration Index (NYSEArca: IEO ) , part of a weekly series. Assets: $280 million Holdings: The holdings in this fund consist of 60 companies involved in the exploration and production of oil and gas in the United States. Among the top components include: Chesapeake Energy (NYSE: CHK ), Occidental Petroleum (NYSE:...
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BloggingStocks (Free subscription) | 10/11/2009
Filed under: Stocks to Buy I'm Reiterating my Buy rating for Occidental Petroleum ( OXY ), first recommended on April 27, 2009 at a price of $54.81. If you bought OXY in April, you're up an impressive 52%. Occidental, which focuses on oil and gas exploration and production and has no refineries, is well-positioned to capitalize on oil's likely upcoming surge to triple digits. OXY's oil and gas production...
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The Air Force Pundit (Free subscription) | 06/11/2009
Deal Would Pay Set Fee for Developing Giant Field With Royal Dutch Shell By GINA CHON BAGHDAD—The Iraqi Oil Ministry on Thursday said it has awarded a consortium led by Exxon Mobil Corp. and Royal Dutch Shell PLC the right to develop the West Qurna-1 oil field, representing the first American-led team gaining access to the country's oil patch. The pact is the latest in a series of deals Iraq...
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Peak Energy (Free subscription) | 06/11/2009
The LA Times has a report on foreign oil majors efforts to secure contracts to develop Iraq's oil fields - Exxon Mobil-led consortium to develop major Iraqi oil field . The Iraqi government Thursday signed a deal with a consortium led by U.S. oil giant Exxon Mobil Corp. to develop a major oil field in southern Iraq, marking the first entry by an American-dominated group into Iraq's oil industry since...
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Iraqi Mojo (Free subscription) | 05/11/2009
"The Iraqi Oil Ministry on Thursday said it has awarded a consortium led by Exxon Mobil Corp. and Royal Dutch Shell PLC the right to develop the West Qurna-1 oil field, representing the first American-led team gaining access to the country's oil patch. The pact is the latest in a series of deals Iraq has recently signed or initialed with some of the world's biggest oil companies. Earlier this...
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Bakersfield.com (Free subscription) | 04/11/2009
One of the final building blocks for Bakersfield's first major burn care center was set in place Tuesday evening. That's when Occidental Petroleum Corp. announced that it will provide $200,000 toward the development of the new Grossman Burn Center at San Joaquin Community Hospital.
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The Business Insider (Free subscription) | 03/11/2009
Today, Buffet bought railroads and car companies posted sales for October . Shares of Burlington Northern Santa Fe Corporation (BNI) closed at 97.00 up 27.5% after Buffett's moves. The indexes were up and down, with the NASDAQ closing up 8 points at 2057 and the S&P 500 closing up 2 points at 1045. The Dow a small loss of around 0.3%. As for sectors, technology was mostly down or breakeven, discount...
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Boston Herald (Free subscription) | 22/10/2009
NEW YORK - Occidental Petroleum says it's producing more crude and making more money off of it in the third quarter even though profits slumped compared with last year...
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