Smart investors appear to agree: three energy gurus led by Warren Buffett himself have chosen to follow the Oracle's time-tested market wisdom of being fearful when others are greedy, and greedy when others are fearful. Over the last few weeks, Buffett, Jerry Jones and Harold Hamm--three of the richest and most successful businessmen in the U.S.-- have doubled down on their oil and gas bets, using the selloff as a buying opportunity.
Between June 17 and June 22, Buffett bought 9 million shares of Occidental Petroleum (NYSE:OXY) for around $56 per share, which compares favourably with his previous purchase of OXY in the $50-58 range. In effect, Buffett now owns 25% of OXY, counting his warrants and total shares purchased. The Oracle of Omaha also owns a $20-billion stake in Chevron Corp. (NYSE:CVX). Warren Buffett is ranked the world's 7th richest person with a net worth of $96.9B. Unfortunately, Buffet has seen his net worth shrink by $13.4B in the year-to-date, mainly due to the poor performance of his other U.S. stock investments thanks to a wide market selloff.
Several weeks ago, the Wall Street Journal featured Dallas Cowboys owner Jerry Jones in a story detailing how the billionaire grew his $1.1B investment in natural gas producer Comstock Resources Inc. (NYSE:CRK) into $2.7B. Interestingly, Jones bought control of Comstock Resources at the depths of the gas bust before natural gas prices made a dramatic U-turn. Jerry Jones is #182 on the Bloomberg Billionaires Index with a net worth of $10.7B, marking a nearly 15% increase.
Meanwhile, Harold Hamm, majority owner of shale exploration giant Continental Resources (NYSE:CLR), has gone on an all-out war to buy back the company's minority stake. Earlier this month, Hamm offered to buy the remainder of the shale driller he and his family don't already own for $4.3 billion, or $70/share, claiming that his company is grossly undervalued. The Hamm Family collectively owns 83% of the total outstanding shares of common stock.
Sister Mabel. Angmoh StockGod Buffolo takda invest in Bursa leh. Itu Master Judi sifu ppmaster cakap one leh. So kenot always use the StockGod name in Bursa investing leh. Ular pun ada nampak Angmoh stockgod buffolo loss making company making his followers so miserable and kenot sleep well when the price drop from usd9 to now only left usd4 leh. Correct?
Everyone always cerita Angmoh StockGod buffolo surewin if follow him one. His investing in billions and making billions leh. You invest berapa can like buffolo ini macam invest meh. Itu Master Judi sifu ppmaster cakap one leh. Ada betul kah. Correct?
Mabel just follow the gurus...of course lah Mabel's investment is pretty much small compared with them.. since Mabel is only using spare cash money..so Mabel is not too worried. Beside 6 of Mabel's Battleships are Green today while the rest remain unchanged. No Battleship and Super tankers are having period today..
Few Years ago, when Miss FGV was badly treated (by Mr Felda’s Greed), she was a complete mess. She was about to LAYU di PUSARA. Knowing about her true potential, Mabel and her Team took the opportunity to support her. So now you know why she is so sad when Mr Felda want her back..
Why does Mr Felda want to take her back?
Miss FGV has now become so sexy that Felda want to take private and want her 100% attention by Mr Felda himself. Felda has resumes FGV share buy after four-month pause. Soon no more sharing with Mabel and her Team.
So Mabel and her Team are now looking forward for Yummy Yummy Yummy pay out from Felda.
#UlarSawa Everyone always cerita Angmoh StockGod buffolo surewin if follow him one. His investing in billions and making billions leh. You invest berapa can like buffolo ini macam invest meh. Itu Master Judi sifu ppmaster cakap one leh. Ada betul kah. Correct? 11/07/2022 12:05 PM
Haha Ular my brother..
Mabel just follow the gurus...of course lah Mabel's investment is pretty much small compared with them.. since Mabel is only using spare cash money..so Mabel is not too worried. Beside 6 of Mabel's Battleships are Green today while the rest remain unchanged. No Battleship and Super tankers are having period today..
Happy to be in line with the World Femes 3 Gurus..
Already Reminded all those Senior Citizen ( Kampong Cicak, Billy All Air, Recent OKU, Bob No Hope), SAP is not your Lunch. Who is going to pay for your burial expenses if you Contra Lost here?? Only those who are young, strong and " lots of Hair " can play SAP. Botak and White hair should stay away
UlarSawa Sister Mabel. Angmoh StockGod Buffolo takda invest in Bursa leh. Itu Master Judi sifu ppmaster cakap one leh. So kenot always use the StockGod name in Bursa investing leh. Ular pun ada nampak Angmoh stockgod buffolo loss making company making his followers so miserable and kenot sleep well when the price drop from usd9 to now only left usd4 leh. Correct?
11/07/2022 12:03 PM
Ular my Brother,
Earlier Mabel talked about Technical Analysis and Charting. All these are tools that we can use as our Weather Forecast. However, history has proven that most investors are not able to time the market successfully and underperform the market index over a long period of time.
Hence, instead of trying to time the markets which even professionals fail to do well, the majority of retail investors are better off buying wonderful stocks and holding them over the long run. The positive effects of compounding and investment growth will reap significant rewards as long as you are patient to wait for it.
Our call. Maintain BUY on Sapura Energy with lower TP of RM0.12 (from RM0.15). We think the upcycle in O&G offshore projects should improve its earnings outlook, hence potentially leading to the agreement on its debt restructuring plan. Source: BIMB Securities Research - 28 Jun 2022
zhm540 Much better than st_p_d HLIB TP of 1s. ________________________________________
If you believe HLG's Tp, you would also believe they said, my Grand Mother is a Virgin??? HLG also created History by giving AAX RM1.05 Tp while aax declare 33Billion Loss ( Malaysia History )
Time for benchmarking with Mabel's PN 17 Battleship
HLB issue a TP for Mabel Non PN17 Armada Battleship for 84 sen. Many Uncles and Aunties believes in their TP. Many Jump into the Battleship..Look at Armada Price today..only 35 sen
PN17 Sapnrg so steady..no Change
Another PN17 Serba yesterday so steady..No Change..
Somebody's Cap Ayam Team used Cap Ayam crystal ball tak bolih pakai in Hibi..dropping so much..Hibi now is 86.5 sen..
Don't get me wrong all these Battleships are part of Mabel collections too.
History has proven that most investors are not able to time the market successfully and underperform the market index over a long period of time.
Hence, instead of trying to time the markets which even professionals fail to do well, the majority of retail investors are better off buying wonderful stocks and holding them over the long run. The positive effects of compounding and investment growth will reap significant rewards as long as you are patient to wait for it.
SinGor zhm540 Much better than st_p_d HLIB TP of 1s. ________________________________________
If you believe HLG's Tp, you would also believe they said, my Grand Mother is a Virgin??? HLG also created History by giving AAX RM1.05 Tp while aax declare 33Billion Loss ( Malaysia History ) 12/07/2022 3:04 PM
I just wite a long essay and put it as though a PN17 with >10 + debts is a good counters to invest and speculate.
I copy and paste what ever I think which is best so that I can lure other to buy and avoid them from selling.
I will cheat those whoever,newbies and those with less knowledge.
To be more dumb,still in promoting mode while whole BURSA sentiments are poor and volume traded are very very low. More storpit most ppl already stucked at high and now at sibuk2 say 4.5 cts but you yourself reluctant to buy and looking for poor ppl supports.
You can konar here and there to denies the true facts but you cannot denies daily trying to cheat others and also cheating yourselves. Too obvious lorrr..don't show how storpit you are in public forums.
I do know.. Moody's Rating. Fitch Rating S&P Global Rating..
Suprising, Qarun Rating Agency give TP 0.50 cts for Malaysia PN17 with huge debt and even those to say they are pro just keep quiet.. Buat malu saja. Dah beli dan rugi nak buat mcmna sbb kesilapan,akan tetapi jgn buat cerita moloh maaa.
what King Sulu's kins gets are very, very expensive Chairs, Tables and Toilet Sink. Only accounting Books said got $2.00Bil Asset but cash all in Malaysia. Even the Building is Rented ones. I think each broom there cost RM200mil
Malaysia is a signatory to Investment Guarantee Agreement which protect all investments in a particular country...very secure from predators such as Sulu Sultanate..
Further BLOOODY market Global Recession - Weakening Demand Sulu Sultanate Heirs edi POW Petronas RM 10 B + More POW Comingg Very Bad market sentiment SAP E ?....to be left alone @ CRYINGG BABY
"In a statement Wednesday, the de facto law minister said the arbitration ruling was not supposed to be enforced in any countries until a final decision is made by the Paris Court in relation to the government’s application to cancel such ruling, of which hearing dates have yet to be determined."
U.S. inflation rose 9.1% in June to hit a fresh four-decade high, topping economists' forecast for a 9% rise, driven by an 11.2% leap in gas prices and a 1.0% increase in food prices.
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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....
TCH1186
907 posts
Posted by TCH1186 > 2022-07-10 19:51 | Report Abuse
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