Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
Unthreaded | Threaded | Whole Thread (1) |
Author: rnam ✧  😊 😞
Number: of 15056 
Subject: Stock of the year OXY
Date: 12/27/2022 12:41 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 7
Occidental Petroleum (OXY) is MarketWatch's 2022 stock of the year. Occidental is the best-performing stock in the S&P 500 this year and by some measures the stock is still cheaply priced, despite Berkshire Hathaway CEO Warren Buffett's vote of confidence and the strength of the energy sector.

Shares of Occidental Petroleum have risen 120% during a year in which the energy sector has been the only one in the benchmark index to show a gain.

We are now in a long period during which management teams at major oil producers are more focused on prudent spending to maintain supply, rather than expand it, as they deploy excess cash through buybacks and dividends.

In an interview with Matt Peterson as part of the MarketWatch 50 series, Hollub explained that with a $40 break-even point for production, 'there's no pressure to increase production right now, when we have these other two ways that we can increase shareholder value.'

https://www.marketwatch.com/story/marketwatchs-202...
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (1) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds