Try visiting boards you don't normally visit, starting with the 'All Boards' link above. Or request a new board by posting to 'Any Missing Board Requested Here'.
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
No. of Recommendations: 11
Any thoughts on OXY? It's taking quite the hit lately. Today it's setting 52 week lows. It's trading at 47.41, which is 21% below Berkshire's buying cutoff of $60 per share.
No. of Recommendations: 9
Oil is quite bearish, maybe that’s why Buffett not adding. On the demand side, China , imo, is in serious long term decline. India’s is helping a bit but i dont know if it’s enough. On the supply side, US companies are rapidly improving productions at ever lower cost with the help of technologies including AIs. OPEC is also have disputes internally and no able to cut production aggressively.
But perhaps the best time to long oil is now when nobody wants it. Everyone is pulling back on capx, and because of the curve backwardation, nobody is storing any oils.
No. of Recommendations: 4
Good time for US to buy and refill strategic reserves. Was depleted due to Ukraine invasion and need to provide alternatives to Europe.
No. of Recommendations: 8
Good time for US to buy and refill strategic reserves. Was depleted due to Ukraine invasion and need to provide alternatives to Europe.
Maybe they can just rename the Permian "strategic petroleum reserve" and forget about adding oil to the salt caverns entirely
No. of Recommendations: 1
"Any thoughts on OXY? It's taking quite the hit lately. Today it's setting 52 week lows. It's trading at 47.41, which is 21% below Berkshire's buying cutoff of $60 per share."
Tax loss selling?
