Buffett is just one step away from skyrocketing to the Moon 🚀
Diupdate
Warren Buffett's Berkshire Hathaway just snapped up more Occidental Petroleum shares, pushing the legendary investor's stake in the oil company to just over 25%.
Buffett's conglomerate purchased another 2.1 million shares of Occidental in the past week when the stock traded at $57.89, an amount worth $123 million in total, according to a recent Securities and Exchange Commission filing.
Berkshire now owns 224 million shares of the oil producer worth $13 billion. That represents just over quarter of Occidental's entire value, with a total market cap of $52.56 billion.
Buffett has been vocal about his bullishness on Occidental Petroleum, snapping up big chunks of the stock over the past year as oil and natural gas prices skyrocketed in the aftermath of Russia - Ukraine tensions.
And though Buffett has said he has no interest in taking over Occidental, Berkshire gained approval from regulators to potentially own up to 50% of the company last August.
Energy prices, meanwhile, have eased from their highs last summer, but analysts have said prices are in for another surge later in the year, especially if China's economic reopening leads to a big upswing in oil demand.
Moreover El Niño is here. Commodity prices could swing in turmoil.
Buffett's conglomerate purchased another 2.1 million shares of Occidental in the past week when the stock traded at $57.89, an amount worth $123 million in total, according to a recent Securities and Exchange Commission filing.
Berkshire now owns 224 million shares of the oil producer worth $13 billion. That represents just over quarter of Occidental's entire value, with a total market cap of $52.56 billion.
Buffett has been vocal about his bullishness on Occidental Petroleum, snapping up big chunks of the stock over the past year as oil and natural gas prices skyrocketed in the aftermath of Russia - Ukraine tensions.
And though Buffett has said he has no interest in taking over Occidental, Berkshire gained approval from regulators to potentially own up to 50% of the company last August.
Energy prices, meanwhile, have eased from their highs last summer, but analysts have said prices are in for another surge later in the year, especially if China's economic reopening leads to a big upswing in oil demand.
Moreover El Niño is here. Commodity prices could swing in turmoil.
Trade aktif
July 20, 2023Run, Warren! RUN..! 🚀 🚀
Trade aktif
July 24, 2023Run, Warren! RUN..! 🚀 🚀🚀
Trade aktif
Aug 7, 2023NEW ALL TIME HIGH! 💖
Trade aktif
Aug 7, 2023NEW ALL TIME HIGH ALSO, BERKSHIRE HATHAWAY CLASS B
BRK.B 🥳Trade aktif
Jan 26, 2024👉 Rule # 1. Stay Big.
👉 Rule # 2. Read Rule # 1, and don't be a pussy
😂
Catatan
Feb 18, 2024👉 Berkshire Hathaway
BRK.A Gold Adjusted price hit 300 peak, new all the history high.👉 It happens with Berkshire 1st time since 2000s dot com bubble.
👉 No one of SPX, NDX, RUT and DJI did it.
Catatan
Feb 26, 2024Glory Monday with Warren 😀
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.