Giro Lino's avatar
$2.6m follower assets
Why is Buffett buying oil companies?
If Buffett is adding $OXY and $CVX, he's looking beyond a two-year bull market on oil markets. IMHO, this is a strong endorsement that E&P companies will not run crazy Capex plans.

Modern Growth Investing's avatar
I agree, no capex going forward, and buy quality. I thinks that's what is underlying this play.