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Bull Market In Oil Is Over (For Now) | Paul Sankey
Forward Guidance
Warren Buffett's Mixed Track Record in Oil
Warren Buffett's track record is being quite mixed in oil. I don't follow everything he says, but I haven't heard him say a pie in a huge amount on the environment. But what we do know is that he's cash flow oriented and we know that he'll probably keep oxy CapEx very low. And to that extent, obviously Uncle Warren can handle the volatility and so it becomes quite a logical investment. It's inconceivable what's going on, right? It's not my opinion. There'd been debate whether he would go the whole way. The debt that they raised was a wall of debt which was another mistake. So they and then of course they hit COVID.
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