Investors should be aware that on Monday, August 3rd, stock warrants will begin trading on Occidental Petroleum (OXY) under the symbol of OXY.WS on the NYSE. The warrants will have a 7-year life and will be exercisable at a price of $22.00. This is one of the first long-term stock warrants to be issued on a major oil company and will give investors numerous investment opportunities, including: 1.Buying and holding the warrants as a long term investment 2.Trading the warrants for active investors 3.Hedging opportunities – buy the warrants and sell puts on the common shares Based upon the closing share price of OXY on Friday, July 31st, $15.74, the Black Scholes valuation of the anticipated warrants from MyStockOptions.com is $6.68 While the above is not exact, we would anticipate the warrants to begin trading in a range of $6.00 to $7.25 with heavy volume, thus giving investors great liquidity to trade in and out as needed. In a Press Release on June 26th, 2020 Occidental Announces Distribution of Warrants to Purchase Common Stock “HOUSTON – June 26, 2020 – Occidental Petroleum Corporation (NYSE:OXY) today announced that its Board of Directors has declared a distribution to holders of its common stock of warrants to purchase additional shares of common stock. Holders of Occidental common stock will receive 1/8th of a warrant for each share of common stock held as of the record date, and each warrant will entitle the holder to purchase one share of Occidental common stock for a purchase price … Continue reading →