OXY soars 110% this year. How to grasp opportunities like Buffett?

Moomoo Learn SG joined discussion · Aug 4, 2022 01:32

It’s no longer a secret that Warren Buffett has been so enamored of $Occidental Petroleum(OXY.US)$ that he owns nearly 20% of its shares (as of July 15). On Tuesday, the energy company topped Q2 estimates and launched share buybacks.

Other energy giants, $Exxon Mobil(XOM.US)$ , $Chevron(CVX.US)$, and $BP PLC(BP.US)$, have also posted blockbuster profits. "Exxon made more money than God," US president said.

However, what should investors watch out for? Supply and demand are significant for researching oil markets. The market is concerned that high oil prices are destroying demand. Oxy is up 111% year to date, but has recently fallen back, the same as some energy stocks.

You may have one of the following questions:

So is OXY still a good buy? Should I sell high? Or if I’m bullish on the sector but how to pick the best stocks?

Buying a fund would be a good option for mass investors if you’re interested in a certain industry. For example, you could choose energy equity funds, and leave these complicated questions to professional fund managers. Some energy funds have ranked in the top 10 of regular savings rankings on moomoo (as of Aug 3).

Quiz of Today: Which fund is more appropriate for regular savings plans?

A. Equity fund

B. Fix-income fund

C. I don't know, and learn Creating a regular savings plan now:

Leave your answers in the comments.

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