Does it make sense to invest in Occidental Petroleum? Maybe so, these 5 reasons may prompt Buffett to buy the entire…
Occidental Petroleum $OXY was until recently an unknown company to many investors. However, the turning point came when legendary investor Warren Buffett began investing in the company and recently decided to ask to buy up to 50% of the company. Normally, I would tell you at this point that investing in $OXY no longer makes sense at this price. The difference, however, is that it may still not be too late to invest even now, as there is speculation about whether Buffett has his eye on the entire company, which would shoot the stock even higher. Today, we look at the top 5 reasons why this purchase could likely happen.
Will Buffett buy all of $OXY?
A number of investors have been addressing this recently, or rather, whether Buffett will eventually buy all of $OXY and take the stock to new highs this year. To be honest, the chance really does exist. His Berkshire certainly has the resources to do it, and I'm going to show you five reasons that could help.
Buffett's traits are quite familiar…