Post Tagged with: "Berkshire Hathaway"

Source: CNBC

Options trader bets nearly $500,000 on a big turnaround for one energy name

CNBC


It’s no secret how hard integrated oil names have been hit this year due to the global economic consequences of the coronavirus pandemic, and Occidental Petroleum has been among the worst hit of all the companies in the …

Source: Reuters

Berkshire Hathaway to accept Occidental shares instead of cash dividends

Reuters


Occidental Petroleum said on Wednesday billionaire Warren Buffett’s Berkshire Hathaway Inc had agreed to accept common shares of the oil producer instead of cash dividends for preferred stock.

Berkshire last year bought $10 billion worth of Occidental’s preferred shares …

Source: CNBC

For investors shaken by Dow plunge, Warren Buffett’s new advice on finding long-term market winners

CNBC

Lost in the hoopla over Berkshire Hathaway chairman and CEO Warren Buffett’s latest annual shareholder letter this past weekend was an implicit warning to the finance executives and managers who run corporate America: Now is the time to be

February 26, 2020 - 3:00 pm Capital Markets, Closing Bell Story‎, Economy, People, Popular 2
Buffett’s Betting on Oil, and He’s Rarely Wrong

Buffett’s Betting on Oil, and He’s Rarely Wrong

From ForbesGeorge Schultze

I’ve long been a believer that there’s always opportunity in the energy field, if you know where to look for it. With his recent commitment of $10 BN to help Occidental acquire Anadarko, Warren Buffett …

Berkshire To Make $10 Billion Investment In Occidental To Finance Anadarko Bid

Berkshire To Make $10 Billion Investment In Occidental To Finance Anadarko Bid

From The Wall Street Journal

Warren Buffett’s Berkshire Hathaway Inc. agreed to inject $10 billion into Occidental Petroleum Corp.’s bid to acquire Anadarko Petroleum Corp. and fight off Chevron Corp.

Last week, Houston-based Occidental offered to purchase Anadarko for $38 …

Oil and Gas Funding is Evolving: An Oil & Gas 360® Special Report

Oil and Gas Funding is Evolving: An Oil & Gas 360® Special Report

For now, Wall Street has turned off the shale funding spigot 

By Bevo Beaven, Editor, Oil & Gas 360, with Richard Rostad, Analyst

Oil and gas funding is evolving. Initial public offerings, secondaries and follow-on equity raises are no longer …

Berkshire Wades Into Struggling Canada Oil Patch With Suncor Bet

Berkshire Wades Into Struggling Canada Oil Patch With Suncor Bet

From Bloomberg

Warren Buffett’s Berkshire Hathaway Inc. is wading into the struggling Canadian energy industry, taking a stake in oil-sands producer Suncor Energy Inc.

The purchase of 10.8 million shares, disclosed in a filing Thursday, was valued at $300.9 million. …

February 15, 2019 - 5:01 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Source: WPX

Warren Buffett Continues Accumulating Oilfield Stocks

Phillips 66 is Buffett’s 6th Largest Holding – 79 million shares

Last year, Warren Buffett made his first purchase of Phillips 66 (ticker: PSX) stock amid the depletion in oil prices and the consequent depletion of oilfield service stocks.…

Warren Buffett Stockpiles More Shares of Phillips 66

Warren Buffett Stockpiles More Shares of Phillips 66

Some analysts say U.S. refiners won’t be hurt by exports

Don’t count Warren Buffett as a participant in the energy market selloff – the legendary investor has purchased nearly $5 billion of Phillips 66 (ticker: PSX) stock since August 2015.…

Source: Phillips 66

Berkshire Bolts on Another 3.5 Million Shares of Phillips 66

Warren Buffet looks to Phillips 66

Just eight days after the initial news that Warren Buffet’s Berkshire Hathaway Inc. (ticker: BRK.A) had invested $4.5 billion in Phillips 66, Buffet’s firm decided to purchase an additional 3.5 million shares of the …

September 10, 2015 - 2:39 pm Midstream, MLPs, Oil and Gas 360 Articles