Subject: Re: WSJ: Why is Buffett back in Oil?
I coattailed Buffett into OXY too late to catch the sharp rise. Now I'm wondering if the stock will every start an uptrend like a healthy company. My stock app says the P/E is 4.85. BTW, I was out in the Permian Basin a few years ago and saw plenty of OXY wells. I also saw some landowners offering to sell water that I presume was required for fracking.