Occidental Petroleum: Stay Calm And Continue Buying

jetcityimage Occidental Petroleum Corporation (NYSE:OXY) investors have endured a torrid Q3 as the stock fell to lows last seen in early 2022. As a result, OXY has dropped below the critical $55 consolidation zone held since mid-2022. I assess that its buying momentum has weakened considerably, aligning with the weakness in crude oil futures (CL1:COM). The energy sector (XLE) has also pulled back toward its early 2024 lows, although OXY's relative underperformance could have stunned its bulls. In my previou ...