Warren Buffett's Berkshire Hathaway now controls nearly 20% of Occidental Petroleum's stock after picking up another $250 million worth of shares of the oil producer this week.
Berkshire has been investing heavily in Occidental this year, including buying up more than $1.2 billion of the Houston-based company's stock so far this month.
After the latest purchases that Berkshire disclosed Wednesday, Buffett's Omaha, Nebraska, based conglomerate now owns nearly 180 million Occidental shares worth more than $10 billion. That gives Berkshire control of 19.2% of the company.
just an advise before I go yam char... in share market, don't use hope. use logical thinking. the higher you hope is, the greater the disappointment will be. have a wonderful day ahead. Tata.
I don't know why Buffett has been buying a lot of refining stocks, which may really be the most profitable area this year. heng yuan is likely to rush up.
I will continue to repeat this news non-stop in Hengyuan forum. A bad heart person will never win in the stock market. A bad heart person will continue to lose in the stock market.
Zhuge, read my earlier post as I quote below. Does Hengyuan have good fundamentals as per the “sifus” you mentioned? What are good fundamentals to you without reading what “sifus” say?
I ain’t here to denigrate your “sifus”. Many congrats on you making money based on such “sifus recommendations” but I’d like your explanation on why you think Hengyuan have good fundamentals when I know they don’t. Many thanks
=== Zhuge_Liang : Johnzhang, Sslee and OTB are knowledgeable and responsible sifu here. They recommend good fundamental stocks.
Me earlier this week : Hengyuan’s revenue keep growing every year. But look at their profits every year with the increasing revenue. See any profit increase in tandem with increased revenue? No. They have very bad leverage (liabilities absolutely trounce their equity), they got more than 800M in cash but check their bank borrowing changes. And then check their biggest challenge… they need better credit control… they owe creditors a lot
Be careful. Hengyuan isn’t healthy. Two of their shareholders that own 15-17M shares together (may have changed since) made their moves and will continue to do so. Refer to what I said above why these 2 shareholders trade their investments
@Zhuge_Liang, Jangan buang masa di forum itu. Tolong hentikan posting awak. No waste time. Tidak ada orang bagi awak commission jika dia menang. Invest quietly sudah lah.
I will continue to repeat this news non-stop in Hengyuan forum. A bad heart person will never win in the stock market. A bad heart person will continue to lose in the stock market.
If HRC achived a gross refining unit margin of $28.04 per barrel then assume production volume of 10 million barrel then gross profit for Q2 will be USD 280 million. ---------- Wow !! Gross PAT = 1.232 billion. Harap bolih limit up.
I gave you a chance to explain, Zhuge. You are obviously what I know you are. Stop your tirade against those you don’t like and focus on what you can do personally
I will continue to repeat this news non-stop in Hengyuan forum. A bad heart person will never win in the stock market. A bad heart person will continue to lose in the stock market.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jerichomy
4,346 posts
Posted by Jerichomy > 2022-07-19 21:40 |
Post removed.Why?