OXY - Buffett's Brilliance: He's Betting Big On Occidental Petroleum Stock - Should You?
- Warren Buffett recently boosted Berkshire Hathaway's investment in Occidental Petroleum common stock to over $5 billion, up from zero at year-end.
- While not known for his tactical trading, Buffett appears to have been able to buy OXY stock before the latest spike in oil prices.
- Occidental stock is up nearly 100% year-to-date, and including warrants, Berkshire owns more than 17% of the upside.
- Why Berkshire's investment in Occidental is brilliant, and why you probably shouldn't try to copy it.
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Buffett's Brilliance: He's Betting Big On Occidental Petroleum Stock - Should You?