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This is one stock Buffett simply cannot stop buying.
Berkshire Hathaway (BRK.A -0.52%) (BRK.B -0.77%) has been accumulating a position in Occidental Petroleum (OXY 3.66%) for some time and now owns more than 27% of the oil company. In this video, I sit down with energy sector expert Tyler Crowe to take a closer look at whether Occidental could be a smart buy while it's trading at a 52-week low.
*Stock prices used were the morning prices of Sept. 12, 2024. The video was published on Sept. 13, 2024.
Matt Frankel has positions in Berkshire Hathaway. Tyler Crowe has positions in Berkshire Hathaway. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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