Warren Buffet's Berkshire Hathaway has bought another 9.9m shares in US Occidental Petroleum. This brings BH's total investment in Occidental to c. US$10b.
https://www.*.in/stock-market/news/warren-buffetts-berkshire-hathaway-plows-another-582-million-into-occidental-petroleum-boosting-its-stake-in-the-energy-giant-to-nearly-10-billion/articleshow/92654813.cms
As western countries seek more energy security, realising the brutal Russian invasion of Ukraine will, IMO, make Russia a pariah for decades (ie sanctions are long term), this bodes well for investment in pro-Western oil producers.
Very beneficial for KAR, & its shareholders.
(I hope Russia withdraws totally from Ukraine, including Crimea etc, asap- & pays MANY US$ billions in reparations to Ukraine).
Link won't open!
Just google the article summary above.
Macquarie says Karoon worth $5.15 if oil > 100, page-177
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Last
$1.70 |
Change
0.025(1.50%) |
Mkt cap ! $1.362B | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.71 | $1.68 | $3.264M | 1.929M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 73632 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 11669 | 6 |
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| Last trade - 12.14pm 14/06/2024 (20 minute delay) ? |
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Last
$1.68 |
Change
0.025 ( 0.67 %) |
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| Open | High | Low | Volume | ||
| $1.69 | $1.71 | $1.68 | 611874 | ||
| Last updated 12.33pm 14/06/2024 ? | |||||
| KAR (ASX) Chart |