The No. 1 Warren Buffett Trade On Earth
Stop What You're Doing. This is the Best Trade for Long Term Investors in 2023.
Dear Old Friend,
Stop what you’re doing.
There’s money to be made.
For some reason, people act like oil prices are going to collapse.
Do you know who doesn’t? Warren Buffett.
Do you know how I know? Because he keeps buying up shares of Occidental Petroleum Company (OXY). This week, we learned Berkshire Hathaway (BRK.A) bought another $125 million in shares of the Houston-based driller.
Occidental is one of my favorite stocks to trade.
And today, I’ll show you one of my favorite options strategies to boost income, increase your chance of winning, and the specific metrics that catch my attention.
Let’s dive in.
Occidental Has a Steep Upside
Occidental is a major player in oil production in Texas. If you’re a baseball fan, prepare to see a lot of Occidental advertising on the jerseys of the World Series Champion Houston Astros.
Shares are currently around $59.00.
Occidental has an average price of $73.00 from Wall Street analysts with a larger upside of $84.00.
I think the upside is higher. …
Keep reading with a 7-day free trial
Subscribe to Postcards from the Republic to keep reading this post and get 7 days of free access to the full post archives.