Berkshire Hathaway $BRK-B announced that it has acquired additional…

Community

· Jun 29

Berkshire Hathaway $BRK-B announced that it has acquired additional shares of oil company Occidental Petroleum Corp $OXY, increasing its stake to more than 25%.

The conglomerate, controlled by billionaire Warren Buffett, said in a regulatory filing that it paid about $122.1 million for 2.14 million shares of Occidental between June 26 and June 28.

How much more do you think Berkshire will take over OXY, will they get to at least a 30% stake?

And beyond that, are you still buying energy stocks?

A community member's personal view, not investment advice. Community Guidelines

Monday Dayton @mondaydayton Jun 29

Great news, I've been overbought recently too as they were down quite a bit so hopefully they'll go up already, but I trust them, if Buffett, so do I. 😁

Rickie Reeve @rickiereeve Jun 29

I've bought a lot of$OXY in the last week. I was also thinking about $CVX, that one doesn't look bad at all either. I strongly believe Buffett on this one.

Ashraf Aboudar @ashraf_dd Jun 29

Nice, better and better prices all the time. They already have a substantial share, finally it could move up :)

Jason Bellier @neostonks Jun 29

Do you have them in your portfolio too?

⌘ K

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