$OXY
Added 2023-12-11 15:30:43 +0000 UTCPositive news announced today from $OXY, that they are increasing their dividend and have announced that they are buying CrowdRock for $12 Billion.....this smells of Buffets influence on the company here, they have plenty of cash so killing two birds with one stone.....expand to help growth and their share price and also, increase revenue for Berkshire in the form of dividends.
Shareholders should be happy with this development as its a double benefit directly to them.
It also could not have come at a better time either.
Price action was testing the red line too and it needs to hold this level or the structure breaks down....lets see if today's announcement is a catalyst for this to reverse.
Comments
It broke lower, could not hold
Jedi
2023-12-13 09:11:17 +0000 UTC
