Warren Buffett $13B Bet On Occidental Petroleum Turns Sour As Shares Plunge 29% Since Mid-April — Analyst Says He Could Buy More
Warren Buffett $13B Bet On Occidental Petroleum Turns Sour As Shares Plunge 29% Since Mid-April — Analyst Says He Could Buy More
Shares of Occidental Petroleum (NYSE:OXY) have plummeted 29% since mid-April, impacting Warren Buffett's substantial investment in the company.
西方石油（NYSE：OXY）的股價自4月中旬以來已暴跌29%，影響了禾倫•巴菲特在該公司的大筆投資。
What Happened: Chris Bloomstran, fund manager at Semper Augustus, suggested that while Buffett might buy more shares, he is unlikely to take over the company. Bloomstran noted that Buffett prefers Occidental to initiate a stock buyback program, which CEO Vicki Hollub has said will only happen after significant debt reduction, Business Insider reported on Friday.
發生了什麼：Semper Augustus的基金經理克里斯•布魯姆斯特朗表示，巴菲特可能會購買更多股份，但不太可能接管公司。布魯姆斯特朗指出，巴菲特更喜歡西方石油啓動一項股票回購計劃，CEO維姬•霍洛博表示，只有在債務大幅減少後才會發生這種情況。據Business Insider星期五報道。
"I wouldn't rule out a purchase of additional shares," Bloomstran said, according to the report.
「我不排除購買更多股份的可能性，」布魯姆斯特朗根據報告說。
Further compounding the issue, Buffett holds warrants to buy an additional 83.5 million shares at a strike price of $59.62, nearly 20% above the current market price, according to Bloomstran.
更加棘手的問題是，根據布魯姆斯特朗的說法，巴菲特持有購買額外8350萬股的權證，行權價爲59.62美元，幾乎比當前市價高出20%。
The decline in Occidental's stock price aligns with a 23% drop in crude oil prices, driven by concerns over demand and excess supply. Berkshire Hathaway's (NYSE:BRK) (NYSE:BRK) $13 billion investment in Occidental Petroleum is now potentially underwater.
西方石油股價的下跌與原油價格下跌23%相一致，這是由對需求和供應過剩的擔憂推動的。伯克希爾·哈撒韋（NYSE：BRK）在西方石油的130億美元投資現在可能已經被淹沒。
Buffett's conglomerate has been accumulating shares of Occidental since early 2022, with a significant buying spree in June at around $60 per share. Currently, Berkshire owns a 29% stake in the oil producer.
巴菲特的集團公司自2022年初以來一直在積累西方石油的股份，6月份以每股約60美元的價格大舉購買。目前，伯克希爾公司在這家石油生產商中擁有29%的股份。
The $55-$60 price range had previously acted as a support level for Occidental's stock since Buffett began his purchases, but this floor has now been breached for the first time in over two years.
自巴菲特開始購買以來，55-60美元的價格區間一直是西方石油股價的支撐水平，但這個底線現在已經在兩年多以來首次被突破。
According to HedgeFollowe, Berkshire Hathaway's average purchase price for its stake is estimated at $51.22 per share, slightly above the current trading price.
據HedgeFollowe透露，伯克希爾·哈撒韋持有該股份的平均購入價估計爲每股51.22美元，略高於當前交易價格。
Why It Matters: The setback for Buffett comes amid a broader context of strategic shifts and market movements. Recently, Bank of America (NYSE:BAC) CEO Brian Moynihan commented on Buffett's reduction of his stake in the bank, noting that Buffett has been a stabilizing force but has sold nearly $7 billion in shares since mid-July.
對巴菲特來說這很重要：巴菲特的挫折發生在更廣泛的戰略轉變和市場動態背景下。最近，美國銀行（紐交所：BAC）首席執行官布萊恩·莫伊尼漢在談到巴菲特減持該銀行股份時指出，巴菲特一直是一個穩定力量，但自7月中旬以來幾乎賣出了70億美元的股份。
Buffett has been selling shares in several companies, including Apple Inc. (NASDAQ:AAPL) and Bank of America, as economic uncertainties loom.
巴菲特一直在出售幾家公司的股份，包括蘋果公司（納斯達克：AAPL）和美國銀行，因爲經濟不確定性仍然存在。
Despite these challenges, Buffett's investment acumen remains highly regarded. On his 94th birthday, Berkshire Hathaway reached a $1 trillion market cap milestone, underscoring his long-term success.
儘管面臨這些挑戰，巴菲特的投資才能仍然備受讚賞。在他94歲生日時，伯克希爾·哈撒韋公司（Berkshire Hathaway）市值達到了1萬億美元的里程碑，凸顯了他的長期成功。
However, even Buffett has admitted to missed opportunities, such as his late investment in Amazon.com Inc.
然而，就連巴菲特也承認錯過了一些機會，比如他在亞馬遜公司的投資較晚。
Back in the mid-1990s, when Amazon was just an online bookstore with big dreams, Buffett had the chance to invest. He also passed on buying shares during Amazon's IPO in 1997.
回到上世紀90年代中期，當亞馬遜只是一個懷揣大夢想的在線書店時，巴菲特有機會投資。他還放棄了在1997年亞馬遜首次公開募股（IPO）時購買股份的機會。
Reflecting on this now, Buffett doesn't shy away from admitting his mistake. "I was too dumb to realize" the potential of Amazon and its visionary founder, Jeff Bezos, he's said, with his usual blend of humility and humor.
現在回想起來，巴菲特毫不迴避地承認自己的錯誤。「我太傻了，沒意識到」亞馬遜及其具有遠見的創始人傑夫·貝佐斯的潛力，他說道，帶着他一貫的謙遜和幽默感。
Action Price: Occidental Petroleum's stock is trading at $50.99, up 0.65% on Thursday. However, year to date, the stock has dropped by 15.09%, according to data from Benzinga Pro.
行動價格：西方石油股票目前交易於每股50.99美元，週四上漲0.65%。然而，根據貝辛格智能（Benzinga Pro）的數據，該股今年迄今下跌了15.09%。
Image Via Shutterstock
圖片來自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
這個故事是使用Benzinga Neuro生成的，並由Kaustubh Bagalkote編輯