No. of Recommendations: 2
'My guess: we go slowly right up to 50% on the public markets with no premium needing to be paid, then exchange the warrants to get to 59.4%, and then buy the rest in short order''
This is exactly how I see the OXY plan and we benefit from those preferreds along the way. Classic BRK type of position- Business he/we can understand, supply/demand, high quality mgt and capital allocation and improving balance sheet, at a reasonable price and forward thinking mgt with carbon capture. Heads we win, tails we win imo whether we acquire OXY or just build up the position. Seems to rhyme with BNSF deal potentially but without BRK shares as currency. Will be fun to see how this all unfolds.
