It's in the news, The Trader Guru Warren Buffet start a hunt on Energy stocks. Using his financial Company's Berkshire Hathaway, he acquire 17,5 million of Conoco Shares. Could it means bottom has reached ?
However, the tycoon has made some statement he is doing this for a long term stake. Just curious how long is his long term anyway. For your insight my fellow reader, these days, oil exporting nation suffer for a massive decrease in oil price caused by economic slowdown in many major-oil-importing-nation, just go googling, you'll find news saying that Japan, German, Britain has gone to depression.
For Indonesia, this could be good, since we are a net importing nation. Well, at least theoretically.
Sunday, November 16, 2008
Warren Buffet Go Shopping for Energy Stocks
Labels: commodity, energy, indonesia only, outlook
Posted by mediasakinah at 8:24 PM
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66 comments:
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Lets hope that whatever he planned he got that. Moreover if he achieved whatever he has decided then that would be beneficial for all. So lets hope and pray for his success.
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I hope he will plan something for betterment of everyone not just his company.
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I'm still making lists of stocks to buy when prices seem more favorable.
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I can guarantee you that ETN and NRG are not Buffett purchases. As for why, please go study BRKA's 13F in more details.
I guess this is what Warren Baby means
we he says NOW is the time to buy.
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I too will be investing in energy stocks this month. They have plummeted and are a good buy right now.
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I dunno, thanks to the debt, austrian economics would state that we burned 20 years worth of oil in 10 years so when interest rates go up, oil demand will dwindle and these industries will deflate with everything else, less Isreal attacks Iran.
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The most notable addition to Berkshire's portfolio was nearly 2 million shares of BNY Mellon. Berkshire also picked up 16 million shares of Wells Fargo & Co. to expand its holdings in the banking giant to 336.4 million shares.
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hey interesting post, but however i believe this will end up having negative effects in the future
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Good news for everyone and people like to go shopping for energy stock.
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I dunno, thanks to the debt, austrian economics would state that we burned 20 years worth of oil in 10 years so when interest rates go up, oil demand will dwindle and these industries will deflate with everything else, less Isreal attacks Iran.
The most notable addition to Berkshire's portfolio was nearly 2 million shares of BNY Mellon. Berkshire also picked up 16 million shares of Wells Fargo & Co. to expand its holdings in the banking giant to 336.4 million shares.
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Two big changes were to more than double his holdings in document and information management company Iron Mountain Inc. to seven million shares at the end of the year, and to more than double his holdings of Republic Services Inc. to 8.3 million shares, from 3.6 million at the end of September. Mr. Buffett added more than one million shares to his Wal-Mart Stores Inc. holdings, to 37.8 million at year end.
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I am done. Good job warren is doing. Keep it up and thanks.
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The most significant inclusion to Berkshire's collection was nearly 2 thousand stocks of BNY Mellon. Berkshire also selected
Buffett's interest in the stock market and investing also dated to his childhood, to the days he spent in the customers' lounge of a regional stock brokerage near the office of his father's own brokerage company.
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