Key insights
- The post discusses Buffett's long-term bullish view on Occidental Petroleum (OXY), suggesting it might be a "forever" stock for Berkshire Hathaway. The author speculates on potential "insider knowledge" Buffett may have possessed, particularly regarding geopolitical events like a potential war in Iran, which could positively impact oil prices and OXY's value. This implies a potentially positive, albeit speculative, outlook for the energy sector and OXY specifically.
I made a post asking about this stock back in January (cross posting now allowed) and Buffett was still underwater on this position back then. Well he's not under water any longer!
To explain the title, he made a remark in one of this shareholder letters that said Occidental might be a stock his company "owns forever".
No, I did not listen to Buffett's wisdom back in January. But I can't help but wonder what kind of insider knowledge he may or may not have had leading up to the war in Iran...
Thoughts?