So I made some good money with OXY before jumping out. Now I'm back because it still doesn't have investment grade status but seems to be holding up to their end of the bargain.
I believe in the past the ratings agencies wanted to see debt to around $20B. In the 3rd Q of last year it was down to $20.5B. I'd be pretty shocked it they didn't get that number down where it belongs after the 4th Q. While the price of oil is down it's still VERY healthy for OXY.
Now I'm not an investment guru and didn't major in in anything related to investing and finance. So I'm just a casual investor that reads what he can and tries to learn along the way. For someone that knows what they are looking at, what does it take to get OXY back to investor grade status?
Secondly, my understanding is that once OXY achieves investor grade status that allows for many funds to buy back in, correct?
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