Is Warren Buffett Right about Occidental Petroleum?
Under those circumstances, it could be months or years before Occidental makes money again. Consequently, Occidental’s stock could collapse.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Under those circumstances, it could be months or years before Occidental makes money again. Consequently, Occidental’s stock could collapse.
Read MoreThe oil industry will survive the coming of Hyperloop and electric cars; but it will look nothing like the one we have known. Instead it will be smaller and only a few companies in it will make money. Smart investors will stay out of oil for the foreseeable future, unless they are looking for something to short.
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