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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Web436   😊 😞
Number: of 15062 
Subject: OXY
Date: 03/05/2025 10:57 AM
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OXY just keeps on falling. To date, this has not worked out well for Buffett. It is down about 1/4 from 2022 purchases. In general, oil stocks have become very good buys during large recessions. Buffett has had mixed results in this sector with a home run with PBR. He had very poor timing with purchase of COP.

Question - Does anyone have good insight into OXY future and risk? Could they get into financial trouble again?
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Author: Web436   😊 😞
Number: of 15062 
Subject: Re: OXY
Date: 03/05/2025 11:04 AM
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I meant great results with PetroChina not Petro Brazil.
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Author: Berkfan ⎊  😊 😞
Number: of 15062 
Subject: Re: OXY
Date: 03/05/2025 2:21 PM
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I would say with Buffett around, hard to get into 'financial' troubles, but can the business can suffer if oil prices go down, as buffett has said "its a bet, ultimately on oil prices"-

You correctly note that Oil has been a mixed bag for Warren. Doesn't matter how much you read and study, predicting the price of oil is an impossibility imo.

I wouldn't touch it - learned my lesson on COP

Buffett can lose material amounts of money, he did it recently with Paramount
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