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Warren Buffett boosted stake: Can OXY's Q3 earnings pump its price?
$Occidental Petroleum (OXY.US)$ shares have been a victim of price swings seen in oil prices. The stock fell earlier Wednesday, even after r Show More
$Occidental Petroleum (OXY.US)$ shares have been a victim of price swings seen in oil prices. The stock fell earlier Wednesday, even after reporting third quarter earnings that beat analysts' estimates. (See OXY Earnings Hub>>)
Shares of the company that's the sixth largest holding in Warren Buffett's Berkshire Hathaway bounced back just before the oil market closed, as traders started pricing in the risks to supply posed by tensions in the Middle East.
Discussion:
1. What do you think of OXY's stock outlook?
2. Warren Buffett has been increasing his stake in OXY. Do you agree with that investment strategy?
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