Buffet keeps buying https://seekingalpha.com/news/3814541-b ... tal-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
Oxy
Re: Oxy
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
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
Re: Oxy
The ceo just bought $ 800,000 worth of shares of OXY
https://occidentalpetroleum.gcs-web.com ... ff1f949b2a
https://occidentalpetroleum.gcs-web.com ... ff1f949b2a
Re: Oxy
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 ... 1662762696
WSJ just wrote an article, here...
https://www.wsj.com/articles/occidental ... 1662762696