Advertisement
Canada markets close in 1 hour 11 minutes
  • S&P/TSX

    21,875.85
    +2.13 (+0.01%)
     
  • S&P 500

    5,034.87
    -36.76 (-0.72%)
     
  • DOW

    37,988.71
    -472.21 (-1.23%)
     
  • CAD/USD

    0.7318
    +0.0021 (+0.28%)
     
  • CRUDE OIL

    83.53
    +0.72 (+0.87%)
     
  • Bitcoin CAD

    88,199.41
    +216.86 (+0.25%)
     
  • CMC Crypto 200

    1,394.31
    +11.73 (+0.85%)
     
  • GOLD FUTURES

    2,343.60
    +5.20 (+0.22%)
     
  • RUSSELL 2000

    1,976.58
    -18.85 (-0.94%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • NASDAQ

    15,557.63
    -155.12 (-0.99%)
     
  • VOLATILITY

    16.28
    +0.31 (+1.94%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • CAD/EUR

    0.6819
    0.0000 (0.00%)
     

2 Big Reasons (Other Than Oil) to Follow Warren Buffett and Buy Occidental Petroleum

2 Big Reasons (Other Than Oil) to Follow Warren Buffett and Buy Occidental Petroleum

Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) has been buying shares of Occidental Petroleum (NYSE: OXY) hand over fist. Berkshire Hathaway now owns nearly 24% of the oil company's outstanding shares. While Buffett recently dismissed the idea of acquiring Occidental, his company has the approval to boost that position up to 50%.