TLDR: OXY will have a trillion dollar market cap 20x it’s current value.
OXY is my largest holding, with a market cap of 58 Billion, it is massively undervalued. This is my investment thesis and I am interested if anyone else has concluded the same. What they have: Using chatgpt, assuming an equal distribution of oil in the Permian Basin, the values of their holdings is over 250 billion dollars. This alone is multiples over the existing market cap, but no where near it’s potential. What they are building: Stay with me…. A few years ago Berkshire Hathaway purchased Pilot Flying J, the largest network of interstate diesel pumps in the US. Bill Gates exited the board of Berkshire. Then over the last 2 years Berkshire has built a 25% position in OXY. Early this year Gates himself visited Joe Manchin to lobby (successfully) for Biden’s Inflation Reduction Act. Buried in it is a unique 45q direct pay tax credit. Essentially the companies that sequester CO2 will be paid directly f
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