Warren Buffett’s Berkshire Hathaway purchased an additional 18.1 million shares of Occidental Petroleum for almost $1 billion on the first three days of this week.
An SEC filing Wednesday shows it paid a weighted average of $54.41 per share, a total of $985 million for the new shares.
At Wednesday’s close of $52.99, they are worth $959 million.
What are your thoughts and strategy on $OXY? How far can it go?
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