I canât blame Buffett for going long on... [Outsider Club Header]
Feb 29, 2024 By Keith Kohl This One Investment Leaves Buffett Comfortable At 93 years young and over $137 billion to his name, Warren Buffett has had a long and spectacular investing career. In 1941, at the ripe age of just eleven, Buffett first dipped his toes into the market after buying three shares of his first stock â an oil company, Iâd like to note â that went on to return a solid 10% when he finally sold. So when the Oracle from Omaha decided to go back to his roots and go on a buying spree of Occidental Petroleum, it wasnât lost on my readers. If the greatest investor in history starts going on a buying spree, itâs best to sit up and pay attention. If you remember, Occidental acquired Citgo (previously known as none other than Cities Services) all the way back in 1983. One Investment That Leaves Buffett Comfortable 9 Billionaires Shifting Funds Here (Plus Warren Buffett) The smartest investors in the world are making a BIG move right now. David Tepper, Steve Cohen, Bill Gross, Paul Tudor Jones, Jeremy Grantham, George Soros, Carl Icahn, Jim Simons, and Larry Fink... They're jumping into oil and gas stocks with both feet. Meanwhile, 99% of investors canât see whatâs coming. According to Keith Kohl, our oil and gas analyst, three powerful economic triggers are converging on the oil markets right now... A "perfect storm" unlike anything weâve seen in 50 years. The last time this happened, a small group of oil companies made 20x returns in a few years. Some gains were as high as 3,000%! Thatâs exactly the type of oil company Keith is recommending today.  Heâs calling it "the No. 1 oil stock of the decade." [Get the name and ticker here before oil prices surge higher.]( A few days ago, Buffettâs letter to Berkshire shareholders was published as a part of the companyâs 2023 annual report. Inside, he described an investment that he expects to "maintain indefinitely." Iâd give you three guesses as to what it was, but I expect the veteran members of our investment community would only need one. With Berkshire holding 27.8% of Occidentalâs common shares, are you really surprised? Weâre talking about a wealth of oil and gas reserves under the companyâs control. At the end of 2023, Occidental held more than 1.9 billion barrels in proven oil reserves and 6.3 trillion cubic feet of natural gas. As Buffett described it, the shale boom that ignited over a decade ago had saved the United States from being shackled to foreign sources of oil. Heâs not wrong. Just imagine the situation we would be in if our domestic oil output had continued declining and the oil boom had never taken place. Weâd be in a far worse position than we were in 2008, when 55% of our crude oil imports came directly from OPEC members. Today, that dependence has fallen to less than 15%. Of course, it wasnât lost on Warren Buffett that Occidental recently announced a $12 billion deal to pick up privately-held CrownRock to bolster its production. However, itâs not just Occidental that is shopping around â everyone is! Exxon buying Pioneer, Chevron scooping up Hess, Diamondbackâs recent merger with Endeavor, and Occidentalâs move on CrownRock⦠the Permian Basin has dominated M&A activity over the past twelve months. More importantly, it will continue to do so again in 2024. [Are You a VICTIM of This âWidespread Retirement Scamâ???]( Have you heard of the four-digit code âscamâ yet? Because Iâm certain that you or someone you love is getting ripped off by it. Itâs like a DEATH by a thousand cuts. And if you donât put a stop to it, as much as $340,000 could be stolen from your retirement account without you even knowing it. [To see if your account is at risk, just go here now.]( I canât blame Buffett for going long on oil. He knows precisely what weâve been talking about all year here â oil demand is not only going to hit a record in 2024, but the value of those drillers in the Permian will skyrocket as global supply and demand fundamentals get tighter later this year. And hereâs the best partâ¦Â We donât need oil prices to shoot back over $100 per barrel to see a handsome return. You see, the name of the game has changed in the U.S. oil patch. Itâs no longer about posting some massive new discovery or betting all your chips on the success of a single well. Today, itâs all about perfecting the technology that will boost the efficiency of your operations. For my readers, weâve already found that hidden gem in the Texas oil patch, and it feels like only a matter of time before Big Oil goes shopping again. [Go ahead and check them out for yourself.]( Until next time, [Keith Kohl Signature] Keith Kohl [[follow basic]Check us out on YouTube!]( A true insider in the technology and energy markets, Keithâs 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 â 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. Keithâs 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 Keithâs [Topline Trader]( advisory newsletter. Follow the Outsiders [YouTube]( This email was sent to {EMAIL}. 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