OilMarketInsights
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Buffett Isn’t Betting on Oil — He’s Betting on Control
Warren Buffett now owns nearly 29% of Occidental Petroleum. That’s not a nibble. That’s a near-takeover without the paperwork. So the obvious question: do you follow the Oracle into another oil bet — or is this the moment the energy rally runs out of gas? Here’s the blunt take: Buffett isn’t chasing a rally. He’s…
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Buying Occidental Because Buffett Did Is a Lazy Trade
Warren Buffett doesn’t “kind of” buy stocks. He loads the truck. And with Occidental Petroleum, he’s practically bought the parking lot. Berkshire now owns roughly 29% of OXY’s common shares — and if you count the warrants, its economic interest pushes past 32%. On top of that, Buffett holds billions in preferred stock paying an…
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