I've never been a fan of the OXY accumulation. Oil stocks follow the oil price. No one knows where that is headed, and if you do, the commodities markets would be the place to make money. I learned that from WEB.

That said, OXY is sitting on very significant reserves. The Permian Basin is one of the planet's greatest petroleum systems. It is one of those places where recoverable reserves just keep growing with improved technology Current stock prices will go up and down, but the reserves and the resultant cash flow will be steady and significant long term. In OXY we have the huge value of oil in the ground, in a company which has reduced long term debt from something like 45 billion in 2019 to 18 billion currently. The stock price may tell us in hindsight we could have accumulated this value more efficiently but the long term business plan is probably pretty sound.

Berkshire Hathaway FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.