AdrianC + 42 AC April 30, 2019 (edited) Warren Buffett is getting involved in a rare bidding war unfolding in the energy industry. Berkshire Hathaway has committed a $10 billion preferred stock investment in Occidental Petroleum contingent on the company completing its proposed takeover of Anadarko Petroleum. Last week, Occidental made a rival bid for the oil and gas driller, challenging Chevron’s $33 billion buyout of Anadarko. https://www.reuters.com/article/us-anadarko-petrol-m-a-occidental-berksh/buffetts-berkshire-to-invest-10-billion-in-occidental-for-anadarko-buy-idUSKCN1S61I3 Edited April 30, 2019 by AdrianC Quote Share this post Link to post Share on other sites
Brian W + 78 BW April 30, 2019 A can't lose offer for Buffett. Get's 8% on $10b in perpetuity backed by oil revenues. Quote Share this post Link to post Share on other sites
J.mo + 165 jm April 30, 2019 I was just coming here to post this link. For the shale profit naysayers, this is a little more proof. I feel increasingly that most "analysts" should rename their titles to "lobbyists"Â Quote Share this post Link to post Share on other sites