Occidental Petroleum (OXY) Continues To Reduce Debt & Headwinds For Oil

That continue to reduce debt is definitely good for Occidental Petroleum (OXY), says Bob Iaccino. He and David Deckelbaum discuss the takeaways from OXY earnings, which were released yesterday, February 27th, postmarket. They discuss how Cowen has a market perform rating on OXY and a $63 price target. They also go over the potential headwinds for oil, as well as other energy stocks to keep on your radar, such as Diamondback Energy (FANG). David says that he thinks we're in a point in the oil and gas cycle where all of these companies are effectively doing the same thing in terms of keeping production flat. Tune in to find out more about the stock market today.