Buffet must have his reason fo

2022-03-14

Buffet must have his reason for increasing his stake in OXY n with the oil crisis still hazymaybe we should add some position during the oil negotiations when price should have some pull back. Overall I think even if crisis ends they still need to rebuild Ukraine. So oilproduction still some tightness

Warren Buffett Isn't Done Buying Occidental Petroleum: How Many More Shares Did Berkshire Pick Up?

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Comments

huuou
2022-03-14
huuou
I inclined towards your idea. I just don't quite understand one thing. The Fed is raising interest rates to solve the inflation problem. Oil prices keep rising. Can raising interest rates solve inflation?
ladyman
2022-03-14
ladyman
Every time the stock market falls, Buffett is the best.
PandoraHaggai
2022-03-14
PandoraHaggai
The economic recovery will also provide a reason for the rise in oil prices.
MR_Wu
2022-03-14
MR_Wu
Yes, oil is not going to drop significantly in the short term.
Shungou
2022-03-14
Shungou
Price may rebound back
Maria_yy
2022-03-14
Maria_yy
I always trust Buffett's judgment.

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So oilproduction still some tightness","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9036717027","repostId":1151548915,"repostType":4,"repost":{"id":"1151548915","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1647214806,"share":"https://www.laohu8.com/m/news/1151548915?lang=&edition=full","pubTime":"2022-03-14 07:40","market":"us","language":"en","title":"Warren Buffett Isn't Done Buying Occidental Petroleum: How Many More Shares Did Berkshire Pick Up?","url":"https://stock-news.laohu8.com/highlight/detail?id=1151548915","media":"Benzinga","summary":"An SEC filing on Friday revealed Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett p","content":"<html><head></head><body><p>An SEC filing on Friday revealed <b>Berkshire Hathaway</b> (NYSE: BRK-A) (NYSE: BRK-B) CEO <b>Warren Buffett</b> purchased an additional 27.1 million shares of <b>Occidental Petroleum</b>(NYSE: OXY) worth about $1.6 billion from Wednesday through Friday of last week.</p><p><b>What Happened:</b> The additional shares were picked up after Berkshire spent around $4.5 billion the previous week to purchase 91.2 million shares of the oil company.</p><p>Berkshire now holds 118.3 million shares of Occidental, which amounts to a 12.7% stake in the company. Since Berkshire owns more than 10% of Occidental, it is required to report transactions in the stock within two business days.</p><p><b>Why It Matters:</b> Buffett&#39;s increasing stake in Occidental comes as billionaire activist investor <b>Carl Icahn</b> has sold the last of, what was at one time, a nearly 10% stake in the company. Icahn cited Occidental&#39;s ill-timed $38-billion buyout of Anadarko Petroleum in May 2019 as the reason for his exit.</p><p>Occidental has been challenged by high debt since the purchase, but it has been rapidly paying it down, aided by the spike in energy prices. Occidental CEO <b>Vicki Holub</b> said the company is on track to get its net debt down to under $25 billion by the end of the first quarter.</p><p>Occidental produces about 1.2 million barrels of oil equivalent daily, the company shares are up nearly 90% over the last 12 months as oil prices have surged.</p><p>Shares of OXY closed down 0.31% on Friday at $57.95.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett Isn't Done Buying Occidental Petroleum: How Many More Shares Did Berkshire Pick Up?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Isn't Done Buying Occidental Petroleum: How Many More Shares Did Berkshire Pick Up?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-03-14 07:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>An SEC filing on Friday revealed <b>Berkshire Hathaway</b> (NYSE: BRK-A) (NYSE: BRK-B) CEO <b>Warren Buffett</b> purchased an additional 27.1 million shares of <b>Occidental Petroleum</b>(NYSE: OXY) worth about $1.6 billion from Wednesday through Friday of last week.</p><p><b>What Happened:</b> The additional shares were picked up after Berkshire spent around $4.5 billion the previous week to purchase 91.2 million shares of the oil company.</p><p>Berkshire now holds 118.3 million shares of Occidental, which amounts to a 12.7% stake in the company. Since Berkshire owns more than 10% of Occidental, it is required to report transactions in the stock within two business days.</p><p><b>Why It Matters:</b> Buffett&#39;s increasing stake in Occidental comes as billionaire activist investor <b>Carl Icahn</b> has sold the last of, what was at one time, a nearly 10% stake in the company. Icahn cited Occidental&#39;s ill-timed $38-billion buyout of Anadarko Petroleum in May 2019 as the reason for his exit.</p><p>Occidental has been challenged by high debt since the purchase, but it has been rapidly paying it down, aided by the spike in energy prices. Occidental CEO <b>Vicki Holub</b> said the company is on track to get its net debt down to under $25 billion by the end of the first quarter.</p><p>Occidental produces about 1.2 million barrels of oil equivalent daily, the company shares are up nearly 90% over the last 12 months as oil prices have surged.</p><p>Shares of OXY closed down 0.31% on Friday at $57.95.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔","OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151548915","content_text":"An SEC filing on Friday revealed Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett purchased an additional 27.1 million shares of Occidental Petroleum(NYSE: OXY) worth about $1.6 billion from Wednesday through Friday of last week.What Happened: The additional shares were picked up after Berkshire spent around $4.5 billion the previous week to purchase 91.2 million shares of the oil company.Berkshire now holds 118.3 million shares of Occidental, which amounts to a 12.7% stake in the company. Since Berkshire owns more than 10% of Occidental, it is required to report transactions in the stock within two business days.Why It Matters: Buffett's increasing stake in Occidental comes as billionaire activist investor Carl Icahn has sold the last of, what was at one time, a nearly 10% stake in the company. Icahn cited Occidental's ill-timed $38-billion buyout of Anadarko Petroleum in May 2019 as the reason for his exit.Occidental has been challenged by high debt since the purchase, but it has been rapidly paying it down, aided by the spike in energy prices. Occidental CEO Vicki Holub said the company is on track to get its net debt down to under $25 billion by the end of the first quarter.Occidental produces about 1.2 million barrels of oil equivalent daily, the company shares are up nearly 90% over the last 12 months as oil prices have surged.Shares of OXY closed down 0.31% on Friday at $57.95.","news_type":1},"isVote":1,"tweetType":1,"viewCount":328,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":251,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":100819393,"gmtCreate":1647220365830,"gmtModify":1663245094049,"authorId":3479274787036362,"author":{"id":3479274787036362,"authorId":3479274787036362,"name":"huuou","avatar":"https://static.laohu8.com/picture129","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9036717027,"type":1,"supId":0,"prevId":0,"content":"I inclined towards your idea.  I just don't quite understand one thing. The Fed is raising interest rates to solve the inflation problem. Oil prices keep rising. Can raising interest rates solve inflation?","text":"I inclined towards your idea.  I just don't quite understand one thing. The Fed is raising interest rates to solve the inflation problem. Oil prices keep rising. Can raising interest rates solve inflation?","html":"I inclined towards your idea.  I just don't quite understand one thing. The Fed is raising interest rates to solve the inflation problem. Oil prices keep rising. Can raising interest rates solve inflation?","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100819416,"gmtCreate":1647220466015,"gmtModify":1663245094640,"authorId":3479274804085724,"author":{"id":3479274804085724,"authorId":3479274804085724,"name":"ladyman","avatar":"https://static.laohu8.com/picture161","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9036717027,"type":1,"supId":0,"prevId":0,"content":"Every time the stock market falls, Buffett is the best.","text":"Every time the stock market falls, Buffett is the best.","html":"Every time the stock market falls, Buffett is the best.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100819274,"gmtCreate":1647219946880,"gmtModify":1663245088767,"authorId":9000000000000431,"author":{"id":9000000000000431,"authorId":9000000000000431,"name":"PandoraHaggai","avatar":"https://static.tigerbbs.com/0eb1ca619238a10298cbe1a12b942794","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9036717027,"type":1,"supId":0,"prevId":0,"content":"The economic recovery will also provide a reason for the rise in oil prices.","text":"The economic recovery will also provide a reason for the rise in oil prices.","html":"The economic recovery will also provide a reason for the rise in oil prices.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100819262,"gmtCreate":1647219922531,"gmtModify":1663245090864,"authorId":9000000000000466,"author":{"id":9000000000000466,"authorId":9000000000000466,"name":"MR_Wu","avatar":"https://static.tigerbbs.com/ae26338aed0e69d4fa3ec36c847df62c","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9036717027,"type":1,"supId":0,"prevId":0,"content":"Yes, oil is not going to drop significantly in the short term.","text":"Yes, oil is not going to drop significantly in the short term.","html":"Yes, oil is not going to drop significantly in the short term.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100819656,"gmtCreate":1647221460522,"gmtModify":1663245095240,"authorId":3585374186568444,"author":{"id":3585374186568444,"authorId":3585374186568444,"name":"Shungou","avatar":"https://static.tigerbbs.com/f6e6be94f96866fa41be592e567fcacd","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.51%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/1c1eed764d9c7ff83dc093fbb9a96bc2","crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9036717027,"type":1,"supId":0,"prevId":0,"content":"Price may rebound back","text":"Price may rebound back","html":"Price may rebound back","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100819272,"gmtCreate":1647219937121,"gmtModify":1663245089629,"authorId":9000000000000478,"author":{"id":9000000000000478,"authorId":9000000000000478,"name":"Maria_yy","avatar":"https://static.tigerbbs.com/0cd35158209bf23b606a5949a0e97781","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9036717027,"type":1,"supId":0,"prevId":0,"content":"I always trust Buffett's judgment.","text":"I always trust Buffett's judgment.","html":"I always trust Buffett's judgment.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9036717027"}