Subject: Re: Pabrai: Berkshire Oxy Investment
"raking in profits from a slowly dying, but very profitable business"

OK. Please note that I'm not accusing Hollub or harming Occidental, or of harming the world. Im just wondering if buying reserves, if that's possible, might increase Occidental's value more than repurchasing stock. Or if buying another oil company might be better than repurchasing stock. There are cheaper oil and gas companies out there than Occidental, at least on an enterprise value to proven reserves basis.