It has been a terrible year for Occidental Petroleum (OXY), to say the least. The oil & gas space has been under tremendous pressure due to the coronavirus. Initially, April's dramatic OPEC+ agreement failed to stabilize the market, with oil collapsing to levels not seen since 1999. We even experienced negative oil prices right before the May '20 contract expired. Today, Brent is trading around $40 per barrel and there seems to be some light at the end of the tunnel. As a result, OXY has recovered, along with the broader energy space, more than doubling from the low point of $9. Still, OXY is down more than 50% on a YTD basis, versus declines for the S&P 500 and Dow of ~3.1% and ~8.4%, respectively.

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