Occidental Petroleum

[mistaTea]

Saw rumours somewhere that Berkshire may be funding the purchase of Crown Rock

Yeah I saw that too…fuelled by someone spotting the OXY jet in Omaha recently.

But the CR deal will mostly be funded by debt from the banks not Berkshire.

So it begs the question - what were they talking about?

Hollub was very vague when asked about it. Just said they talked about a few things, not all business etc.

And a few months back WB did say he was not intended to do a full takeover of OXY.

Then again, time passes and how cash pile has grown to almost $160B so he will want to deploy it.

Perhaps he is just happy to continue buying on market while the SP is depressed for now.

Just very mysterious that Hollub was there visiting us all. Let’s see.

[iceman]

Yeah I saw that too…fuelled by someone spotting the OXY jet in Omaha recently.

But the CR deal will mostly be funded by debt from the banks not Berkshire.

So it begs the question - what were they talking about?

Hollub was very vague when asked about it. Just said they talked about a few things, not all business etc.

And a few months back WB did say he was not intended to do a full takeover of OXY.

Then again, time passes and how cash pile has grown to almost $160B so he will want to deploy it.

Perhaps he is just happy to continue buying on market while the SP is depressed for now.

Just very mysterious that Hollub was there visiting us all. Let’s see.

Sounds like we read the same article.
I believe Berkshire can currently buy up to 50% of OXY, without any further agreement from the NYSE. So he could employ some of his cash pile there without any problems.