Occidental Petroleum, Valero And 2 Other Stocks Poised To Rebound

Let’s postulate that the goal in stock investing is to buy low and sell high. If so, it makes sense to look at stocks that have been banged up, searching for ones that have recovery potential. That’s the goal of my quarterly Casualty List. Today I’ll highlight two large energy stocks that I think fit the bill, and a couple of other stocks.

Occidental Petroleum
OXY

Occidental, based in Los Angeles, is a favorite of the fabled investor Warren Buffett. Down about 10% in the second quarter as oil prices fell, the stock seems appealingly cheap to me. It sells for only seven times the past four quarters’ earnings.