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Why do the research when someone else can do it better for you?
Berkshire Hathaway has been buying large quantities of $OXY for almost a year at a price of around $60. Despite these purchases, the stock price hasn't moved anywhere and is at similar levels.
Such purchases indicate to me that Berkshire has confidence in Occidental Petroleum, so why shouldn't I?
Warren Buffett...
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Well, I'll admit I was the poster child in the Buffett lover's world, watching the portfolio and including it in mine. But I'm not buying anymore, I agree that companies are not doing much, it's still going sideways and there are a lot of commodity companies on the market. I'm not saying it's bad, but really not much so far.