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Analyst Sees Buffett’s Berkshire Eventually Buying All of Occidental Petroleum
2022.06.23 21:56
Analyst See Warren Buffett’s Berkshire Eventually Buying All of Occidental Petroleum (OXY)
By Sam Boughedda
In a note to clients Thursday, Truist Securities analyst Neal Dingmann said they believe there is a good chance billionaire investor Warren Buffett will buy the remaining 2/3 of Occidental (NYSE:OXY) that he and Berkshire Hathaway (NYSE:BRKa) do not own once the company becomes investment grade.
“Buffett disclosed the purchase of additional Occidental common shares last night resulting in the ownership of ~1/3 of the company (includes pref ownership) with the investor’s current energy company owning mostly IG companies,” said Dingmann. “In our opinion, OXY is quickly on its way to becoming IG as debt could soon go to
