Hints and tips:
...The sale of DR Horton marked a sudden shift by an investor typically billed as a long-term holder; Berkshire disclosed it had invested in the largest US homebuilder just six months ago....
...Lego is fundamentally a product that is petroleum-based. I mean, ABS plastic has a core element of petroleum. Their entire product is based on oil....
...s=46&t=uS_p1jt3N5TYYYWqkDeEiw Also 15 November 2022: “Bnk To The Future (the ‘Company’) announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc....
...with the claims about energy companies, saying “BlackRock clients have more than $170bn invested in American energy companies” and touted last month’s $550mn investment by a BlackRock fund in Occidental Petroleum...
...BlackRock is set to invest $550mn into the world’s biggest direct air capture project, which is being developed by Occidental Petroleum, in a sign of growing investor confidence in the nascent technology...
...There are also times when our hedge book can go against us and overwhelm the performance of our long positions.”...
...News round-up General Atlantic takes first step towards potential US listing (FT) Cigna pulls out of blockbuster deal to create insurance giant with Humana (FT) Occidental Petroleum agrees $12bn deal...
...BoE’s financial stability watchdog said that “a worsening macroeconomic outlook could . . . cause sharp revaluations of credit risks,” adding that valuations appeared “stretched . . . particularly in the US...
...Berkshire also added to his positions in Capital One and oil producer Occidental Petroleum....
...Irving Oil, the owner of Canada’s largest petroleum refinery, has launched a strategic review of the private company that could result in a sale or a change in its sprawling energy portfolio....
...Its 25 per cent stake in Occidental Petroleum means part of the oil company’s profits are reported on Berkshire’s income statement....
...BP’s US boss Dave Lawler told the Financial Times the company was “really excited” about the IRA and that the climate law made the US the “most lucrative” place in the world for green hydrogen development...
...A version of this article was first published by Nikkei Asia on April 27 2023. ©2023 Nikkei Inc. All rights reserved....
...The US Securities and Exchange Commission wants to require US-listed companies to explain their share buyback philosophies more clearly to their shareholders....
...“Vladimir Putin is also the CEO of Russia Oil Inc and he understands the dynamics of the market very well,” Yergin said....
...Disclosures have shown that Berkshire increased its stake in Occidental Petroleum during the quarter, however Buffett on Saturday said the company was not planning to take control of the oil company....
...That figure could rise further if US policymakers increase the 1 per cent tax rate....
...Lee Min-hee, an analyst at BNK Securities, estimated that Samsung’s smartphone shipments had fallen about 16 per cent quarter on quarter to 62mn units in the second quarter....
...“No, regulators didn’t push us,” he insists....
...the US economy even as the Federal Reserve embarks on a string of sharp interest rate rises....
...Woodside Petroleum completed a merger with BHP’s oil and gas business this year, while Santos merged with rival Oil Search in a A$21bn deal last year....
...Berkshire Hathaway won the approval of a US energy regulator on Friday to buy up to 50 per cent in Occidental Petroleum, giving Warren Buffett’s company the option to vastly increase its stake in one of...
...It has called for a break-up of Marathon Petroleum in the US and the removal of its CEO in the past. Marathon ended up selling its Speedway petrol stations business in 2020....
...the coronavirus pandemic shattered crude prices and the US oil patch....
...Whiting Petroleum and Oasis Petroleum, two US shale oil producers that went through bankruptcy during the 2020 crude price crash, have announced a merger in the middle of a rally to create a $6bn operator...
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