https://www.barrons.com/articles/berkshire-hathaway-occidental-petroleum-losses-c796291a?siteid=yhoof2
Uhoh. Warren is losing faith in us and isn’t going to keep propping up our stock.
“On Occidental’s third-quarter conference call, Holub cited “another quarter of exceptional execution across our business segments,”
But for now, investors aren’t buying it. Based on Berkshire’s actions, Buffett seems to agree.
Two steps ahead. Were always two steps ahead
WB won’t sell. Money and control doesn’t mean anything to him anymore since he is nearing the end. He is into Oxy for the fun of it.
Didn't realize Buffett was selling. I've only seen him acquire more and more.
Yes,Yes and Yes... Feels like a meme stock most days... Price more sensitive to WB's buying and selling....
If Buffett starts selling his position, it’s going to be a bloodbath for Oxy stock
Warren has loaded the boat in CVX, and will dump OXY so that CVX can come in and buy on cheap
Relying on a backer for a deal as large as the acquisition of APC was a bad decision.