02-29-2020, 10:21 PM
(02-29-2020, 09:51 PM)vbin Wrote: Has anyone looked into WES and BKR? Both looks attractive. Wes is low becouse OXY is forced into selling assets and WES is one it might sell and BKR due to GE. 2-3 years from now there is a good chance they might be trading at double prices from here. Buffet has a good position he initiated in OXY with Charlie's approval.
I am thinking to initiate a full position in all 3.
Buffet loan sharked OXY IMO. Good companies shouldn't be paying 8% interest. That is going to choke them. If OXY ever runs he can exercise warrants and sell into the rally. He got a good deal on KHC as well, but that one blew up on him so far. I don't chase his stocks when he got in at 50% off. He always gets a great deal, and I am starting to see it is often at the common stock holders expense. I love Uncle Warren, but when he enters a stock, I like to know the details.
I'll go check those other tickers you mentioned. I got my position in FCX. I'll keep it small, and it is nothing but a trade. It comes with a dividend but it is subject to be turned off when copper crashes. They do mine a little gold and some other metals. I will probably add a little FUN if they dip again. The flu will cause that for sure if the US gets scared.