One Golden Oil Buy
There are always oil stocks that are good and those that are bad. Let’s focus on the positive end of things, and looks at a good oil stock buy. We haven’t heard much from Occidental Petroleum, but it looks like they are on track for investor success. Let’s turn to Takeover Analyst for OXY details.
"Occidental trades at a respective 10.5x and 9.3x past and forward earnings with a dividend yield of 2.5%. Consensus estimates for Occidental’s EPS forecast that it will decline by 0.5% to $8.35 in 2012, grow by 12.7% in 2013, and then fall by 1% in 2014. Assuming a multiple of 12x and a conservative 2013 EPS of $9.36, the stock would hit $112.32 for 28.1% upside."
Find additional research here: http://turnkeyoil.com/2012/05/09/one-golden-oil-buy/