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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: newfydog ✸⎊  😊 😞
Number: of 15062 
Subject: Re: Pabrai: Berkshire Oxy Investment
Date: 04/17/2023 3:06 PM
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All oil companies consider the 'produce it on out, cash in'option. I spent Christmas 1973 during the gas shortages with the president of one of the majors. Every time some congressman called him up to berate him, threaten nationalizing,regulation etc. he would wax dreamily about producing the existing reserves and calling it quits.

Running the numbers of 'no new investment, huge special dividends' usually pencils out to some impressive values.
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