No. of Recommendations: 7
Good post! I'm curious why WEB is now sitting on his hands with respect to buying more OXY. If he liked it at $59, he must love it at $50, no? But he is not adding to the position. Does anyone find that to be just a bit unusual?
Then again Warren has an interesting history with energy stocks. Over the years that I have owned BRK he has had a position in XOM, COP, PSX, CVX and now OXY. He sold XOM almost as fast as he bought it, took a significant write-down in COP, built up a 14% position in PSX only to sell the entire position WAY TOO EARLY, seems to sell bits and pieces of CVX every quarter and now is no longer adding to OXY.
