TSX:CVE - Post Discussion
Post by
andy604 on Jun 27, 2024 1:44am
Big Money loves OIL
Why Big Investors Are Doubling Down Right Now on Oil & Gas Stocks
By Alex Kimani - Jun 26, 2024, 7:00 PM CDT - In the current month through June 17, Berkshire Hathaway deployed $434.8 million into Occidental Petroleum, adding to its already huge position.
- David Tepper and Carlos Slim are also making major bets on major energy names.
- Last year Buffett opened a $4.1 billion position in Chevron.
- Energy Transfer LP (NYSE:ET), PG&E Corporation (NYSE:PCG) worth more than $800 million combined are now in David Tepper’s top 12 holdings. Meanwhile, Carlos Slim’s Empresarial de Capitales has invested $75.5 million into PBF Energy (NYSE:PBF).
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