Dec. 2 at 11:08 PM
$OXY You've gotta be kidding me! Susan Dziubinski is Morningstar's podcast host who's recommending Oxy as one of Warren Buffett's "forever stocks to own" -- the other 2 being
$AXP and
$KO. Okay, agree with Axp and somewhat on Ko - Coke's performance lagged in recently and it's doubtful whether it can reclaim its past mojo; fast foods and carbonated beverages ain't what they used to be. But Oxy? Does this nitwit have any idea that upstream drillers are extremely cyclical and are not forever-own stocks? If you have to, own an integrated company (Xom or Cvx) not some pureplay shale driller that lives and dies with WTI prices. This idiot claims Oxy is worth
$64: do you realize what it'll take Oxy to reach
$64? WTI has to stay between 75-85 to reach that price target. This is why you shouldn't read stupid articles written by liberal arts majors at Morningstar. If you have to, read Value Line: it's independent, objective and quite informative. Spit on Morningstar.
https://www.morningstar.com/stocks/3-warren-buffett-stocks-buy-hold-forever-2