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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: BreckHutHigh   😊 😞
Number: of 21938 
Subject: Re: More OXY
Date: 03/16/23 1:52 PM
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"There are reasons why big oil companies like XOM base their huge multi-year investments on base cases like $60 Brent crude with $40 sensitivity cases."

Doesn't Mr. Market generally value the E&P companies priced based on strip prices?

cmegroup.com - West texas intermediate wti crude oil calendar swap futures

Strip pricing currently has WTI at less than $60/bbl from May 2027 and beyond.

With inflation at ~6%/year, am guessing that Buffett/Munger think oil prices will be significantly higher than $60 a barrel in 2027 and beyond.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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