There’s been a lot of speculation on the underlying reasons behind Buffett’s insanely aggressive continued purchases of OXY. SaaS-bois are out here doing FCF multiples on oil companies. Some investors are talking about how the speed of the EV and renewables transition is being overestimated and Buffett is just being a classic value investor. Then there’s ESG, labor shortage, capital cycles…
I like this angle. Not the biggest fan of Oxy but how much less is the rest of Berkshire worth if we get an Iran-Iraq war redux and oil goes to $200+? Maybe a decent tail hedge of something even crazier happening in Russia / Ukraine.
I like this angle. Not the biggest fan of Oxy but how much less is the rest of Berkshire worth if we get an Iran-Iraq war redux and oil goes to $200+? Maybe a decent tail hedge of something even crazier happening in Russia / Ukraine.
what does "saas -bois" mean?
also possibly this - https://ourfiniteworld.com/
She makes a lot of sense. Deflation or Inflation, recession or not, energy moves the world and there are serious imbalances.