Right now oil prices have been declining. But evidently Occidental has war going for it than just oil. They are trying to perfect the carbon capture. If they do the carbon capture right, it will be a winner for the long term since they will be a leader in reducing emissions. On the oil side, they control a lot of the Permian basin.
Right now oil prices are declining but by the end of the summer they could be rising as it’s a well-known fact that a good portion of the world is still coming out of the Covid depression.
So oil prices will go up. Americans will drive more this summer for vacations. Also driving the price of oil up.
Do you see Occidental hitting $85 in the next 12 months?
Is there a possibility that Berkshire Hathaway will continue to buy in to Occidental or merge occidental into one of their energy companies?
Could Berkshire Hathaway help Chevron take over Occidental? It sounds crazy, but it could happen since Berkshire is a significant shareholder of Chevron.
I Purchased Occidental shares 30 days ago, because I am bullish on the fact that oil is not going to go away over the next 25 years. And that Occidental will be a valuable company before it’s all over.
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