Oxy

Re: Oxy

Postby Fraser921 » Thu Mar 17, 2022 8:21 am

Buffet keeps buying https://seekingalpha.com/news/3814541-buffetts-berkshire-hathaway-boosts-stake-in-occidental-to-146

Rumors is he may want to buy the whole thing

Unhedged Oil
Unhedged NG

Crude up 6 today over 100
NG approaching 5

Every $ 1 in crude is another 225 m to OXY

They did 2.9 b FCF q4 with $ 66 crude. My estimate with $ 90 crude in Q1 is 4.2 b. Flat 90 for the year is 17 b

EV is roughly 90 b 17/90 = 19 % ROI

Name is up 8 % on the news
Fraser921
 
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Re: Oxy

Postby Fraser921 » Sun Mar 27, 2022 8:21 pm

Story in MarketWatch that says “rumor” Warren
Buffet would like to buy oxy at $ 80

I guess he likes the 20 per cent yield which sure beats 2 per cent for cash

Crude has opened 3 lower Sunday pre market which might be a headwind
for Monday

Europe will still buy Russian oil and demented Biden will cut a deal with Iran soon
He needs lower oil prices going into November
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Re: Oxy

Postby Fraser921 » Wed Mar 30, 2022 6:54 pm

The ceo just bought $ 800,000 worth of shares of OXY

https://occidentalpetroleum.gcs-web.com/static-files/f4b3f4df-5ecd-4fce-bb94-afff1f949b2a
Fraser921
 
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Re: Oxy

Postby Fraser921 » Sat Sep 10, 2022 9:38 am

Update. Warren Buffet ups stake to 26 % from 20 %. Notable as all previous purchase were below 60, this slug was abobe 60. He loves adding on dips

WSJ just wrote an article, here...

https://www.wsj.com/articles/occidental-petroleum-vicki-hollub-warren-buffett-carl-icahn-anadarko-11662762696
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