I have no position in OXY but im curious, everyone is always talking about how smart Warren Buffet is and Oxy has been one of his largest positions, in fact there's been rumors of him basically buying it.
Oxy is down 27% YTD. -47% YOY. -50% since May 2022 and today we are getting the same price from January 2022.
As Buffet often says, if he liked it at $55 he must LOVE it at $35 today?
A couple of his other large positions:
BAC down 23% YTD & -11% YOY
AXP down 21% YTD
Curious why I don't see people jumping on these prices as we all love Buffet.