Home > Historical Performance > Historical Transaction Report

Transaction Details

Company: Occidental Petroleum
Yahoo Beta:0.30
Industry:Independent oil & gas

Company Description:  Occidental Petroleum Corp. explores for, develops, and markets crude oil and natural gas. The company has proved reserves of 2,489 million barrels of oil and gas. It operates in North America, the Middle East, and Latin America.

Purchase Date:30 Jan 2006 Sale Date:22 Oct 2008
Purchase Price:$94.30 Sale Price:$45.87
  --Split Adjusted:$47.15  --Split Adjusted:$91.74
Shares Purchased:27 Shares Sold:54
  --Split Adjusted:54  --Split Adjusted:27
Transaction Fee:$64.15 Transaction Fee:$69.87
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$92.19 High$0.00
Date17 Jan 2006 Date01 Feb 1996
Low$69.94 Low$0.00
Date20 Oct 2005 Date01 Feb 1996
S&P (Purchase Date):$1,285.20 S&P (Sale Date):$924.71

Timing:  We bought at the six month high.
Reason:  We are bullish on oil prices for the next six months. Occidental Petroleum is well regarded by the analyst community. Our analyst believes the company is attractively valued. OXY is going to buy Vintage, which will increase its reserves without necessitating costly and risky exploration.

Reason:  Oil prices have halved from the peak and appear to be headed lower. Occidental does not have a particularly attractive cost structure when oil prices are low.

S&P Gain: -28.05 % Annualized Gain: -11.72%
Stock Gain: -2.71 % Annualized Gain: -1.03%

Net Holding Return ($): $-61.12
Net Holding Return (%): -2.34 %