PetroChina was a very good investment for him with the selling value being a big reason behind this. But OXY doesn't look like an investment he will exit. 25% ownership currently with the possibility of going to 50%. It would be hard to liquidate that if it comes to it
Great content as usual, may I ask your opinion about Buffett's returns being influenced by the size of his shares? I recently found an oil company to follow, did not bought in the end and the stock did 2x but 8x in such a short period of time it's almost inexplicable to me ( and he even said to have sold too soon 😂).
eventhough we want electric cars, solar,win ,hyderogen power but it will take very very long time for entire population depend on then, meanwhile petrol still play major role for our energy needs, so what would be your pics of petrol stock that listed on NYSE?
Don't know how easy it is to lump everything into a single basket, but presumably expectations for lower earnings moving forward given a drop in oil prices. Who knows!
Not sure about other continents, but the idea seems to be a mix of Europe's politics/policies in those operating markets. While the institutional base in Europe likely also doesn't like oil companies. Although Canada purportedly also seems to have their companies trading cheaply.
PetroChina was a very good investment for him with the selling value being a big reason behind this. But OXY doesn't look like an investment he will exit. 25% ownership currently with the possibility of going to 50%. It would be hard to liquidate that if it comes to it
Good points. Will be watching closely how it all plays out!
Another great case study!
Thanks! :)
Great content as usual, may I ask your opinion about Buffett's returns being influenced by the size of his shares? I recently found an oil company to follow, did not bought in the end and the stock did 2x but 8x in such a short period of time it's almost inexplicable to me ( and he even said to have sold too soon 😂).
eventhough we want electric cars, solar,win ,hyderogen power but it will take very very long time for entire population depend on then, meanwhile petrol still play major role for our energy needs, so what would be your pics of petrol stock that listed on NYSE?
谢谢 thank u
yeah. I remember the PetroChina trade. The free cash flow yield on that baby was SICK! And he sold too soon! The stock kept going up. LOL
Yeah, it did eventually fall off a cliff though
Great video Tom! Why are foreign oil companies so cheap right now ? Any ideas ?
Don't know how easy it is to lump everything into a single basket, but presumably expectations for lower earnings moving forward given a drop in oil prices. Who knows!
Not sure about other continents, but the idea seems to be a mix of Europe's politics/policies in those operating markets. While the institutional base in Europe likely also doesn't like oil companies. Although Canada purportedly also seems to have their companies trading cheaply.