Buffett’s $189 Billion Piggy Bank and the OXY Stock He’s Holding

It’s no secret that Buffett is a big fan of putting his money into... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy Buffett’s $189 Billion Piggy Bank and the OXY Stock He’s Holding Keith Kohl | May 07, 2024 Warren Buffett loves his OXY stock. When it came out recently that the Oracle from Omaha was keeping Berkshire’s piggy bank full to the brim with $189 BILLION in cash at the end of the first quarter, investors sat up and took notice. Why would he be more comfortable holding onto so much cash than investing it in the market? Because the bull market that has pumped the S&P 500 nearly 30% higher since last November finally hit its first hiccup in April. Whether or not the bull is done running — and if it IS done running, it would end up being a relatively weak bull run compared to others — there’s no question that something has Uncle Warren spooked. During the first quarter, Berkshire trimmed a significant number of their shares in Apple, although I’ll note that it still remains their largest position. Berkshire even sliced off a piece of Chevron, another major holding. You can’t help but wonder if the market feels a little too toppy for Buffett? Perhaps, but that isn’t going to stop him from stepping up to the plate. And we can learn a thing or two from his strategy. Biden Just Took Aim at Your Savings: Get Out of Cash NOW If you have any money in the stock market, a 401(k), or even stuffed under your mattress... Then you need to brace yourself for June 12. Because on that day, everything you’ve worked so hard for could be taken away in an instant. That’s why I created this emergency briefing In this critical presentation, I unveil the government’s covert agenda and provide FOUR simple steps you can take to protect yourself from this imminent financial threat. [Get all the details here.]( Swinging Away in the Energy Sector With OXY Stock When asked about the horde of cash sitting on the sidelines of Berkshire and the selling off of Apple and Chevron shares, Buffett replied, “We only swing at pitches we like.” Well, we know exactly where he likes his pitches: Oil. It’s no secret that Buffett is a big fan of putting his money into oil stocks. Truth is, Buffett has been long on oil since [his very first trade.Â]( After all, this is the guy who has said if you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” Like he said, Warren is swinging at the pitches he likes. And for the last few years, he’s been swinging away at one in particular. Two years ago, Berkshire started loading up on Occidental Petroleum (NYSE:[OXY]() between $57 and $61.50. He saw another buying opportunity after picking up another $245.7 million worth of OXY stock in February, which was just a few months after he dished out $588.7 million for shares in December, 2023. One thing has become clear to us — Buffett is hungry for energy. Nvidia Could Crash Soon Nvidia’s days are numbered... Because there’s a [new player in the AI market...]( A Californian company that developed a groundbreaking chip — one that outperforms Nvidia’s chips 100x. The U.S. Air Force is just one elite client that was allowed to use it early. But soon this chip will be available to the mainstream. And if you position yourself before it reaches the mass market, you could turn every $1 into $120... Just like early Nvidia investors did. Keith Kohl just published an urgent presentation on this unique opportunity. [Get the full story here while there’s still time.]( Beating Buffett at His Own Game Without Buying OXY Stock Look, the veteran readers in our investment community know that it’s easy to beat Buffett at his own game. Remember, Buffett is handcuffed by his vast fortune. You see, he HAS to target the biggest fish in the sea. Companies like Occidental and Chevron may make him a pretty penny, but they won’t bring nearly the same returns as some of the smaller players in the sector. Since we talked about [beating Buffett’s oil bet]( last February, his OXY position has returned a solid 12%, while his Chevron position grew a more modest 7%. If you directed your cash toward our favorite oil play, Diamondback Energy, you would’ve doubled those OXY gains. However, the cat is out of the bag after Diamondback announced it would merge with Endeavor Energy Resources later this year in a deal worth a reported $26 billion. Believe me, there aren’t many of those overlooked players left in the world’s biggest oil patch — the Permian Basin. That’s why finding them is so crucial… [I’ll show you one of those last remaining investment gems here](. So with $189 billion in cash sitting on the bench, the real question is where will Buffett look next. Interestingly, we do have a few clues given to us by the man himself. In a recent interview, Buffett told the world that he’s looking at one thing right now in an unlikely of places — Canada. Do you think it’s a coincidence that the world’s most powerful investor in history is looking north for investments at the exact moment that Canadian regulators officially gave the Trans Mountain pipeline expansion the go-ahead to be placed into service? Now considering the fact that [Canadian oil stocks](have been waiting for more than a decade to tap into the Asian markets these Alberta oil sands are chock full of undervalued companies — which just so happens to be Buffett’s favorite type of investment. I think it’s only a matter of time before he makes his move. Until next time, [Keith Kohl Signature] Keith Kohl [[follow basic]Check us out on YouTube!]( A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of [Energy & Capital](, as well as the investment director of Angel Publishing's [Energy Investor]( and [Technology and Opportunity](. For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology. Keith’s keen trading acumen and investment research also extend all the way into the complex biotech sector, where he and his readers take advantage of the newest and most groundbreaking medical therapies being developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s to lab scientists grinding out the latest medical technology and treatments. You can join his vast investment community and target the most profitable biotech stocks in Keith’s [Topline Trader]( advisory newsletter. [Fb]( [Li]( [Tw]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy [here](. Energy and Capital, Copyright © 3 East Read Street, Baltimore, MD 21202. Please note: It is not our intention to send email to anyone who doesn't want it. If you're not sure why you're getting this e-letter, or no longer wish to receive it, get more info [here]( including our privacy policy and information on how to manage your subscription. If you are interested in our other publications, please call our customer service team at [1-877-303-4529](tel:/18773034529).