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Energy Investing
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Buffett Builds OXY StakeThis is too large to be anybody but the old fool himself. Who knows, I might even have sold him some of the shares while making a minor trim. But between OXY and the warrants, it rocketed into my 2nd largest position this week. Warren Buffett's Berkshire Hathaway Buys Big Block of Occidental Petroleum Stock -- Barrons.comDow Jones NewswiresMarch 04, 2022 In a filing late Friday, Berkshire (ticker BRK/A, BRK/B) said it holds a total of 113.7 million shares of Occidental (OXY), including both the stock and warrants. The combined holding represents 11.2% of Occidental's outstanding shares but that overstates Berkshire's investment since the warrant exercise price is out of the money, or above the current stock price. Occidental stock has surged lately, outpacing a strong energy group. The shares gained 17.6% Friday to Berkshire got the warrants as an equity "kicker" when it invested Those warrants have eight years until maturity and have an exercise price of Berkshire's Occidental stock purchases have come since the start of this year and could be a factor in the stock's gain so far in 2022. The new equity stake of 29.8 million shares, now valued at Write to |
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Msg # | Subject | Author | Recs | Date Posted |
398502 | Re: Buffett Builds OXY Stake | alertmeipp | 1 | 3/5/2022 9:16:04 AM |
398586 | Re: Buffett Builds OXY Stake-Where the money came from. | sluicer | 4 | 3/5/2022 1:36:08 PM |
398633 | Re: Buffett Builds OXY Stake | Ed Ajootian | 3 | 3/5/2022 5:05:21 PM |