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Giro Lino
$10.9M
Followers
@girolino
05/04/2022
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.
I wrote an entire post about it. Read it to understand the underlying fundamentals.
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Modern Growth Investing
@growthinvesting
05/04/2022
I agree, no capex going forward, and buy quality. I thinks that's what is underlying this play.
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Giro Lino
$10.9M
Followers
@girolino
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