Looks like he is near 30% now. Do you think much would change if he gets to the 50% he has been approved to purchase? If he ever buys the whole company it would seem Oxy would change even more then.
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Oxy will never change. They have been through many different management through the years and they still operate like a lean, no nonsense, low cost producer. Ok, well maybe not always lean but with periodic layoffs in the past they have tried to stay lean. Layoffs are like thinning out a forest to prevent major problems in the future. Layoffs are healthy.
Buy Oxy over HESS?? One word.... Guyana.
Why hasn’t our Barilla Draw asset moved yet? Kinda sus
Chevron board saying same thing
Oxy gonzo
The Chevron thing makes the most sense to me, and I am a little surprised they did not buy us before Hess. The rumor on the street was that Chevron looked at Oxy last year. If it gets too messy between Exxon and Chevron over Hess they might come for us sooner. Nothing surprises me anymore. Just look at all the companies that don’t exist anymore since 2020.
He is buying at just below 60 believing the stock will go to above 80 and stay there for a while. Then he can slowly dump the stock. But watch out below because the stock price will start to drop as soon as WB is not owning it. Do not buy this stock on the way up. Buy now if you want to make money.
He’s gonna force sale to Chevron next year after the Hess stuff gets sorted out. Buffet was Chevrons insurance policy after Anadarko deal went cray cray. No need to repeat Penzoil Getty
Hopefully it will change the company. Can't get any worse than being the laughing stock of O&G.
He likes the stock!