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Written by Summary Buffett’s involvement in Occidental has turned a poor performer into one of the stars of 2022. But why exactly is Buffett so interested in Occidental? Is it truly a play on the company, or more symptomatic of macro and trading reasons? In my view, shop elsewhere in oil and gas. Play to your advantage. Looking for more investing ideas like this one? Get them exclusively at Energy Investing Authority. Learn More » imaginima I’ve been asked my opinion on Occidental Petroleum (NYSE:NYSE: OXY ) quite often as of late, particularly because I have an Avoid recommendation on the stock internally on my Marketplace service. To be clear, that negative view does not mean that I think that Buffett’s likely macro view on oil and gas – that there structural, long term upside in the commodities – is wrong. But, I do think there are reasons that Buffett is investing in Occidental that don’t apply to everyday investors; investors that actually have an advantage over the King of Omaha: flexibility. Rather than mirroring Buffett’s picks, I think it makes better sense to take lessons from one of the best when it comes to making multi-decade calls on […]
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