OXY
🛢️ Warren Buffett continues to buy Occidental Petroleum (OXY) despite its price decline, signaling long-term confidence in the oil sector.
📉 OXY’s stock has fallen from around $70 to $47, but Buffett’s continued purchases suggest a belief in its underlying value.
💰 The advisor notes that OXY has reasonable price-to-earnings ratio, making it an attractive investment despite current market conditions.
⏳ Buffett’s strategy involves long-term investments in solid businesses, estimating a 20-25 year horizon for returns.
@marcosemmimfp:
“Warren Buffett bought a little bit of Occidental Petroleum, 260k. He has been taking it. When you see the fundamentals of the company, it has a reasonable price-to-earnings ratio. I find other companies that are cheaper, but they are more aged.”
Watch the exact part of the video where Nahuel talks about Occidental Petroleum here:
Watch the video on YouTube.
Read more articles featuring the most recent analysis of Occidental Petroleum (OXY) at this link: OXY stock.
