Warren Buffett Is Ending 2024 With Even More of This Energy Stock. Should You Buy It Before 2025?
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Warren Buffett's Berkshire Hathaway has increased its stake in Occidental Petroleum, taking advantage of a 35% pullback in the stock price, which aligns with crude oil's price action.
December 24, 2024 | 9:30 am
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Berkshire Hathaway has increased its stake in Occidental Petroleum, capitalizing on a 35% pullback in the stock price.
Berkshire Hathaway's increased stake in Occidental Petroleum suggests confidence in the company's future prospects, especially after a significant price pullback. This move could positively influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90