Why Buffett Continues To Load Up On Occidental 🛢
Since our last update on Warren Buffett’s purchase of Occidental Petroleum (OXY) the price of oil has collapsed and we are now in a full-blown financial crisis where bank stocks are collapsing, and the Fed is likely to start raising rates again. Despite all of the negative news surrounding public markets, Warren Buffett has continued to build his stake in Occidental Petroleum.
Here’s why we think Buffett continues to increase his exposure to Occidental and where it can go from here (hint: it pops every time he buys, and we believe we found out why more buys are on the horizon).
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