Bearish
$OXY now when Vicky decides to cut the juicy yield as means to protect the balance sheet, then this is gonna head down faster than throwing a brick off a building. Vickys to do list: -sell assets to lower debt (assets won’t fetch needed price tho, because oil is in the crapper and falling more); ie the old APC pipeline sale got put on hold for that very reason. -when she sees assets won’t fetch wanted price, dividend will get cut in half at first to ‘solidly balance sheet and make OXY stronger’ story to be continued, but potential div cut to come later on too. :)
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