Oct. 4 at 1:36 AM
$OXY I am the OG of OXY. Sold at
$74 and just dipped back in today at
$45. My history goes back 10 years and you can scroll back and read my posts from 2020 when WTI was
$10 and even -
$37 ppb. This is the price you want to be long if West Texas is stable. Balance sheet is almost back to
$10 billion debt (currently
$15 billion after spinoff) OXY use to pay
$3 a share before Anadarko acquisition. OXY has
$22 strike price 2027 warrants to contend with and some preferred debt but for the most part BRK is acquiring their 50% approved position before obsorbing the rest at a premium. Acquiring the chem business was a nice move by BRK. They already own 28% of OXY So they are selling 100% of the chem business to themselves? This is the friendliest corporate raid in the history of Corporate Raiding. Go to BRK website and look at their energy division. OXY fits in very nicely to their other assets. My opinions are my own.