Krawez: “Investors seem to be ignoring energy right now”
Given the current global landscape and the geopolitical risks that exist today, we believe Occidental Petroleum (Ticker: OXY) is a compelling investment opportunity. “Investors seem to be somewhat ignoring energy right now,” said Brian Krawez, president and lead portfolio manager at Scharf Investments during an appearance on Reuters TV on December 10, 2024. Brian shared that OXY is highly levered to U.S. oil production and has roughly 80% of its energy reserves in the U.S. This is a reasonably priced stock, and we believe OXY could benefit from the incoming Trump administration’s plans to reduce regulations around drilling.
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