Oil Price Warren Buffett and his investment conglomerate Berkshire Hathaway have been increasing stakes in oil and gas industry operators this year as cheap valuations and attractive returns make fossil fuels good investments amid the ongoing ESG considerations from many other investors. “I love ESG” because oil and gas stocks are cheap now partly due to this, Cole Smead,
World Oil (Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. snapped up 18.1 million additional shares of Occidental Petroleum Corp., giving the conglomerate a 14.6% stake in the oil giant. Berkshire bought the shares between Monday and Wednesday at prices ranging from $52.99 to $55.38, according to a filing late Wednesday. Buffett’s company is digging even deeper into Occidental’s stock as
Where there’s a plane, there’s a data trail From Bloomberg If you have a meeting with Warren Buffett in Omaha and you want to keep it a secret, consider driving. The airports are being watched. In April, a stock research firm told clients that a Gulfstream V owned by Houston-based Occidental Petroleum Corp. had been spotted at an Omaha airport. The
From Forbes – George Schultze I’ve long been a believer that there’s always opportunity in the energy field, if you know where to look for it. With his recent commitment of $10 BN to help Occidental acquire Anadarko, Warren Buffett appears to be of the same mind. And history has shown that many investors have done well by following the
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