OXY

Som3a92

OXY IS SHIT A SHIT STOCK. CANT FUCKING BREAK 60. Fuck buffet

Som3a92

OXY IS SHIT A SHIT STOCK. CANT FUCKING BREAK 60. Fuck buffet

WhatSayyYou

Tesla, AMZN, OXY calls

Donday90

Trying to get into Oil. Is XOM or OXY a better investment than the other?

SwedishPenguin42

To be fair Buffet loves $OXY and usually oil is a good play during recession like periods so it can be used as a hedging. Buffet wasn’t picking up more Chevron tho so it’s not like he was tipped off

Jamarcus911

I hope OXY hits ATHs even though I don’t know how oil even works except it makes cars go vroom

DrinkAlarmed8894

You mean like OXY that Warren Buffet recently bought? Hmmmmm...

EPLFantasyGuru

Buying VXX and holding OXY looking like a smart move. Producers want oil back near $100, which will cause pain for just about everything else, IMO. We shall see!

Telkorenar

had a good day today. exited some positions i didn't like at a small loss, took some profits, and essentially rebalanced everything and consolidated my trading portfolio. created a large cash position, while opening OXY, T, TGT, and holding PYPL at a tiny loss. positioned well for next week.

Telkorenar

picked up some OXY today as a starter.

abatwithitsmouthopen

OXY looks good

Little_Pickle_FDs

$OXY

crankyp4nts

>thing I’m not getting is why Buffett keeps buying OXY like it’s going out of style Ruzzians are near a 1917 moment. Puts on Putin remaining president this year, while drones are popping and dropping in Moscow and the Legion of Free Russia is set to take Belograd. The cra cra in command of Wagner will probably assume the title...and either Putty will fall out a window or become a guest of Assad.

hangem1121

The thing I’m not getting is why Buffett keeps buying OXY like it’s going out of style

helpmequitsubs

I heard "the foremost expert oil trader" come on CNBC today and said oil is going to 60. Two months ago same guy said short NVDIA and buy OXY.

Bilbo_Butthole

PYPL, OXY, SCHW. I know people are scared of BABA but I will add it she dips to low 70’s high 60’s

skin_flute_player

No, but he did bought more OXY 

NoobInvester018

Could be buffett exiting out of Aapl just saying, been noticing that Buffett keeps eating more OXY shares regardless of no significant news. And despite the bad balance sheets, he's still buying into it. I mean this is a stock that gives only 18 cents per share for dividend. And it's not fully stable, just makes it confusing why he gathered almost 25% over the last year. And he still adding in this market still 

ThreeSupreme

And people with money are not only banking on capital gains, U might also consider putting your money to work in order to generate income for U. Just ask old Warren... **How to invest using Warren Buffett’s ‘Secret Sauce’** You don’t have to be a great stock picker like Warren Buffett to take advantage of dividend-paying stocks. That’s good to know, since in his latest annual report, which was released late last week, Buffett credited his success with dividend-paying stocks as his “secret sauce.” His stellar knowledge of stocks might scare and intimidate you, but Warren Buffett wrote in his 2012 Annual Report that, "We truly relish the dividends we receive from most of the stocks that Berkshire owns." **Buffett rakes in a collective $4.84 billion in annual dividend income from the dividend paying stocks in his portfolio.** The Oracle of Omaha, who hosted some 40,000 investors last weekend at his famed annual meeting in Omaha, clearly likes receiving dividends -- nearly 90% of his portfolio is in dividend stocks. So why exactly does buy them? The answer lies in understanding optimal capital allocation, or simply just put your money to work for you. Your primary goal in investing should be to buy income producing assets. Instead of thinking that the burden is all on you, and that you yourself must perform admirably, and become a savant stock picker, why not boost your portfolio’s performance with dividend-paying stocks, just like Buffett. Berkshire Hathaway’s (NYSE: BRK.A and BRK.B) portfolio includes energy stock Chevron (NYSE: CVX), which is riding a 35-year streak of increasing its base annual dividend payout. Chevron gives a big boost to Buffett's bottom line with nearly a cool billion **($964,107,966) in annual dividends.** The Oracle of Omaha and his investment team love bank stocks. In particular, they've really piled into Bank of America (NYSE: BAC), or BofA for short. Over the next 12 months, Berkshire Hathaway will collect almost **$909 million in dividend income** from BofA. Last year, Buffett and his investing lieutenants (Todd Combs and Ted Weschler) oversaw the purchase of more than 194 million shares of Occidental Petroleum (NYSE: OXY). While these common shares are netting Berkshire Hathaway $101 million in yearly dividend income, it's the $10 billion invested in Occidental preferred stock yielding 8% which is providing the bulk of **dividend income from this company ($800 million annually)**. Another big-time income producer that should come as absolutely no surprise to most investors is tech stock Apple (NASDAQ: AAPL). Apple is Berkshire Hathaway's largest holding by a considerable amount, and Apple is on track to provide Buffett with **$842 million in dividend income this year.** Buffett and his team are also raking in a boatload of annual dividend income from beverage stock Coca-Cola (NYSE: KO). Coke is Berkshire Hathaway's longest-held stock (since 1988), and it'll likely be increasing its base annual dividend payout for the 61st consecutive year in 2023. Coca-Cola pays Buffett **$704,000,000 in annual dividend income**. Consumer staples stock Kraft Heinz (NASDAQ: KHC) is one of Berkshire Hathaway's riskiest investments (and possibly Buffett worst stock, Kraft Heinz's balance sheet is weighed down by debt). Yet, the company behind such brands as Kraft, Heinz, Cool Whip, Kool-Aid, and Oscar Mayer, pays Berkshire Hathaway **$521 million in yearly dividend income.** \*\*\* **Coca-Cola IPO Lists on the NYSE** In 1888 businessman Asa Griggs Candler purchased the rights to the Coca-Cola formula for just $2,300, and the Coca-Cola Company (KO) was subsequently incorporated in 1892. Then, in 1919, a group of businessmen led by Ernest Woodruff purchased The Coca-Cola Company from Candler for $25 million. Later that year, Coca-Cola made its initial public offering (IPO) on the New York Stock Exchange (NYSE), for $40 per share. Coca-Cola’s long history of stability has positioned the company as one of the world’s most recognizable brands, with overwhelming consumer loyalty – not to mention consecutive dividend increases – which has helped the company remain popular with investors for decades. As of the 2016 annual report, Coca-Cola shares have risen so that the company’s market capitalization is roughly $180 billion, and has had 53 consecutive dividend increases. At the end of 2015, one share of KO stock purchased in 1919 (**with dividends reinvested** and stock splits) would have been worth $12,748,802, an annual growth rate of 14.11%.

fuscosco

they spoke today? Well, OXY, XOM, etc were all in the crapper today so I hope it wasnt something like 'we're drilling harder faster and longer'

WhatSayyYou

Why did I listen to Buffett and buy OXY. Da fuq is this old man

Dakotahah

In order (+ % total of portfolio): $BN 26% $OXY 12% $BAM 11% $META 8% $JEF 7%

Fit419

SPY, RAD, MMM, OXY, VZ I keep RAD around because I think they’re likely to get acquired

Warnum_Bufiticus

Warren Buffet = Dumbledore APPL = Harry Potter KO = Ron Weasley BAC = Hermonie Grainger OXY = Neville Longbottom

fuscosco

LOL OXY wont break 60 today, either.

fuscosco

Well my OXY options did

Glassesofwater

Lmao poor OXY

Glassesofwater

Oil futures up 2.5%? OXY: Best I can do is dump along with the market

CPA-hole

The Saudis are going to launch oil straight up as summer approaches OXY has plenty of room to run to $70 plus when this happens Calls are currently cheap

FunCranberry112122

I somehow sold OXY shares at the top today with my limit order set two days ago

Glassesofwater

Loving my OXY calls the last two days

ThiccThighSurprise

Meh just go long on OXY since all the premiums are still super low and go into a coma You’ll make a bundle when you wake up

yabadabadoomf

he also sold OXY around the same quarter Buffett starting going ham on it 

TheOriginalUncleRico

He’s probably going to $OXY again even though he liq’d some show stake slightly before reported earnings. Energies are gonna go wild in the holiday months late 2023 if gov admin in executive doesn’t swing back to the right and approve more domestic extraction or NGandFFs

fuscosco

lol exited my OXY short just in time it seems. Ol' buffet did a buy @58, ig. Anyone know how recent reports like that are?

patrickswayzemullet

we are switching the rocket fuel to OXY.

xflashbackxbrd

Enphase and OXY are two that I have picked up recently 165 and 58 cost basis

Waddayanow

“The stock market is a device for transferring money from the impatient to the patient.” - Buffett YOLO-ing some more OXY.

learnedperson

I'm waiting for $OXY to hit $57

hosea_they_heysus

I'm currently looking at strong regional banks, REITs that fell and some energy stocks near lows. Some examples are MPW, Fifth third (Popular where I live), and OXY. There's tons of opportunities rn, and if you missed the tech wave the other crashes can make some solid gains even if they're slower growers

1mal00seR

I wasn't thinking they would set new 52 week highs, Just a couple of calls out of the money. $BP sitting at $35.90 right now. October 20th $38 call, $183 premium. $XOM sitting at $104.95 right now. October 20th $110 call, $570 premium $CVX sitting at $152.53 right now. December 15th $160 call, $1170 premium. tad spendy $ENB sitting at $36.70 right now. October 20th $40 call, $50 premium $OXY sitting at $58.25 right now. November $60 call, $550 premium

Alcopone_breeesh

Yk truthfully have been considering to switching to something more like $OXY tbh I feel u on the spy but it’s just my bread and butter what I’m comfy with

Glassesofwater

Lmao Buffett gonna be a bag holder for OXY at this rate

fuscosco

The spread on OXY was a quarter of a point in the pre, and its still $0.07 now. the fuq bulls

gnofieBhpoT

At least you looked up the correct info. Lots of people on Reddit think Berkshire is just a holding company of stock. But it outright owns lots of companies whole. They just fold the stock into Berkshire A and Berkshire B. That said they have done this previously with other energy companies. Mid-American Energy used to be a public energy company. Like OXY. Then Berkshire bought some of it. Then some more now they own them wholly. Oxy will probably follow a similar path until Berkshire owns it outright.

Badboyardie

You’re right and I may have made the stupidest comment to date. That said, last week I saw an article of him selling ( Which made sense at the time because it was looking over bought on the charts. ). But to the OP’s comment, OXY is a good buy at $57 IMO.

Badboyardie

OXY’s investors: https://whalewisdom.com/stock/oxy#frm_filings

Badboyardie

Here is $ OXY’s investors. Here you will see Berkshire is not there: https://whalewisdom.com/stock/oxy#frm_filings

OdeToRocket

He bought OXY because of its "cost to lift" oil and because it's an oil shaler that transports its oil on his railroad. It's not the best oil company, it's the best for Berkshire. Buffett hates Dividends and thinks its the poor man's ignorant way to receive a return. Buffett would never say anything is relatively safe, one of the safest companies he ever invested in punched him right in the face and cost him billions. He even underperformed the sector for years which was full of people he described as "morons". Re-Insurance.

Admirable_Nothing

You are the first person I have ever heard say that OXY has a 'strong balance sheet' since they financed their purchase of Anadarko some years ago. In fact they came very close to going bankrupt due to their crippling debt. The increase in crude/gas prices over the past 24 months has saved their butts. https://www.macrotrends.net/stocks/charts/OXY/occidental-petroleum/debt-equity-ratio

Gofighting777

Berkshire Hathaway BRK.B –0.06% bought nearly $130 million of Occidental Petroleum OXY –0.53% stock in recent days, according to a filing late Monday, as CEO Warren Buffett continued to add to his company’s big stake in the energy producer. [https://www.barrons.com/articles/berkshire-hathaway-occidental-stake-stock-price-375e30cc](https://www.barrons.com/articles/berkshire-hathaway-occidental-stake-stock-price-375e30cc)

Badboyardie

He sold off his position on OXY last week.

Som3a92

I sold 2 OXY 59P for $1.20 before earnings and now its 58.05. Will I get assigned or is there a chance I dont?

Som3a92

I sold 2 OXY 59P for $1.20 before earnings and now its 58.05. Will I get assigned or is there a chance I dont?

Som3a92

I sold 2 OXY 59P for $1.20 before earnings and now its 58.05. Will I get assigned or is there a chance I dont?

Som3a92

I sold 2 OXY 59P for $1.20 before earnings and now its 58.05. Will I get assigned or is there a chance I dont?

Far-Requirement9180

OXY going parabolic 

ulyssesintransit

EOSE 20% ENVX 5% OXY 5% Treasuries/Cash 70%

stonks_better

Sorry Warren I gotta dump these OXY bags

MonkeyBoyPoop

OXY earnings call at 12:30 PM. Time for some FDs 😎

someonesaymoney

What happened to Daddy Buffet swooping in with the OXY support at $58.

xflashbackxbrd

Anyone eying buys today? I'm watching OXY

spellbadgrammargood

the time i buy OXY, it drops even more. fucking Buffett

Dismal_Complaint2491

Did Buffett buy OXY because they sell oil and opioids?

stonks_better

Great job OXY 😴

Aggressive_Bit_91

Can’t believe Buffet bought the top on OXY 

Captain_Ahab_Ceely

lol yeah, massive 86 cent dump on OXY

Metacog_Drivel

UPST is flying while OXY is dumping--the market is finally healing. 

empire_creator

Why is OXY coming back up…jackass buffet buying more?

empire_creator

Anyone played OXY?

spellbadgrammargood

Buffett has been buying OXY at 58-61, OXY is $57, dude doesn't know what he is doing.

Syab_of_Caltrops

LOL, was OXY the only oil company that missed earnings this quarter? SAD

MonkeyBoyPoop

Can’t go wrong investing in the energy sector! > * OXY 1Q ADJ EPS $1.09, EST. $1.23 GUH

jimhalpert-office

Isn’t OXY at the price Buffett paid for it last year? Should more people look at it?

Far-Requirement9180

OXY with a V shape inverted destroying both sides of the trade 

sNeKbIt99

I'm no expert... and I'm sure there are things that I have missed but I've made some good money playing warrants. As an aside, Buffet has warrants on OXY... he's ITM with these now. Will be interesting to see what he does with them.

1800cheezit

Buffett really played himself saying that he won’t buy anymore OXY

Financial_Place_5034

Lets go OXY

Alvin-Lee1954

Short KRE regional bank index Long. GLD gold index Short IBOX. 2 yr T people will be gobbling like it’s Thanksgiving in spring Long Mega Tech tech tech everyone looking for shelter in AMZN , AAPL Short. Big oil - FUD of recession and money tightening will send oil down short term OXY , XOM, CVX Thhhh that’s all folks

FinndBors

No opinion on OXY as a business, but I’m highly skeptical of carbon capture, especially as a business. It’s a physics problem that can’t easily be solved. Is oxy doing anything extra groundbreaking here.

Jeff__Skilling

Everyone loves Oxy's assets - pretty sure they have more Permian acreage than either CVX or XOM (excluding PXD, for now.....) + they have the 2nd most CO2 pipeline mileage in the US behind KMI......and that's before we even mention OLCV Chevron also saw Oxy (probably) overpay for APC and watched management sweat out their bloated balance sheet during 2020 when oil and gas was trading sub-$30/bbl and sub-$2/mcf. If there was any intention for CVX to buy OXY, OXY would need to clean up it's balance sheet (or at least figure out a solution to the WB prefs....). No way CVX is going to fuck up their credit rating buying OXY, esp since they watched OXY almost go to shit by doing that very same thing buying APC....

PapaCharlie9

Now is not the time to be holding REITs. REITs behave like bonds in changing interest rate regimes, which means they've been money losers for a couple of year snow. Plus there is a ginormous reckoning coming for commercial real estate. You think regional banks are bad now, just wait until all those vacant office buildings can't pay their mortgages. REITs are going to tank hard this year. Big tech stocks are just as expensive as SPY and QQQ, so that's a no go. And let me nix the leveraged versions, like SPXL and TQQQ, right now. Sure they have very low share prices, but they are a no-go for long term holds, which the Wheel sometimes requires. So yeah, if you don't like the sector ETPs, middling share price blue chip stocks are the way to go. I like T, as I mentioned before. HAL, OXY, PSX had been running well also, but I think their best days are behind them (and for the energy sector as a whole). SCHW and BAC are on my wheel list, but they are still under the weather from the regional banking epidemic. I still like PFE for wheeling, though again it's best days are behind it with no more covid shot funding. And as has already been mentioned, there are regularly posted discussions about good wheel stocks on r/thetagang.

TAneckbeardIncel

OXY 62 calls for earnings

loxatar

I live in the Permian and have the pleasure of hearing a lot of rumors regarding all the major oil players. The sentiment from employees of Oxy that I've spoken to is that the Carbon Capture technology they're attempting to harness has a long way to go until it becomes a significant revenue generator; right now, it's just a billion-dollar boondoggle that is hurting their bottom line. I hope it works, it would be good for the world and the oil industry. Regarding oil price prediction, you're overreaching. The Permian is continuing to trickle rigs out (I think this region added 5ish or so), and South Texas is still going strong with maybe a loss of 5 rigs in total. North Dakota and the DJ Basin in Colorado are still going strong. The only major shutdown area in the US right now is the Haynesville Shale (majority NatGas producing area NOT crude) play, where rigs and frac fleets are either being shut down or transferred to other regions. US oil production will continue to grow through the end of the year, and unless there are significant OPEC production cuts, we will most likely see oil prices continue to drop. Oxy doesn't see $85 a share within the following year. They'll see a nice bump in price following earnings this week, but the underlying commodity they produce isn't forecasted to do exceptionally well over the next year. I also am still determining how many people will sell out of OXY after Buffet confirmed he wasn't looking to buy a majority interest, as was the rumor since the prior earnings. P.S. I'll save you a little time here, don't touch NatGas either. Permian has two major pipelines coming online by the end of the year that will flood the market with what is considered a byproduct in the Permian. So even with Haynesville shutting down, it doesn't look hot for NatGas over the next year either.

Hacking_the_Gibson

The time to buy OXY was summer 2021. Lot of air underneath most oil majors right now. There are better investments out there, in my view.

BIGMEECH_300

The only benefit I could see CVX is their technology in carbon capture. But, I also believe many think they’ll merge due to the fact Buffet is a holder in both companies. His stake in OXY would be influential in any take over of the company. Also, I don’t believe he would speak about any positions held for possible mergers until they’re complete. I am just applying his comments about MSFT and actiblizzard.

7loUge

Buffett just said yesterday that he's not interested in buying the whole company. He may add to the stake but that's it. He doesn't control CVX so there's no reason why Chevron would merge with OXY (not sure why people speculate on that). They are two separate investments, and no real benefit to a merger I can see. Based on your thesis in the last paragraph, what the stock does in the next 12 months shouldn't be a big concern.