Occidental Petroleum Corporation

Stock Warrants To Trade On Occidental Petroleum (OXY)

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

Stock Warrants Coming Soon On Occidental Petroleum Corp.

By Dudley Pierce Baker Founder – Editor CommonStockWarrants.com On Friday we saw the press release (see below) from Occidental Petroleum Corporation that they will soon be issuing stock warrants to their shareholders and which will be trading on the NYSE. “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 of $22 per share. The distribution of the warrants will be made on August 3, 2020 to stockholders of record as of July 6, 2020. The warrants will have a term of seven years and Occidental expects to list the warrants on The New York Stock Exchange.” This warrant will be a welcomed addition to the many warrants already trading in the United States and Canada on virtually all industries and sectors. I invite you to join us as a subscriber to access our warrant databases and take advantage of these exciting opportunities. Our databases are fully sortable by company name, industry, symbol, expiration date, and more. Listen to my recent interview with Bill Powers of MiningStockEducation.com discussing the opportunities with stock warrants: 100-fold Gain Possibilities via Warrants in Blank Check Companies with Dudley Baker         Occidental Announces Distribution of Warrants to Purchase Common Stock Friday, June 26, 2020 5:52 pm EST HOUSTON – June 26, 2020 – Occidental Petroleum Corporation (NYSE:OXY) today announced that its Board … Continue reading

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