Post #10343 by sleepydragon on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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Kinda of frustrating the stock price really just move with oil price instead of earnings. Oil is very bearish right now because China is buying less and this week OPEC revised their oil demand prediction down.

The key is what’s your view on the oil price? China is not doing good, and Shale companies are so advanced technologically they pump more oil than saudi — counterbalancing by geopolitics (iran) which is always short term in nature.

The biggest oil demand comes from
china and india. Interestingly both Li Lu and Fairfax bought OXY. Maybe they have some insights.

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