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SL Advisors

May 8, 2019

Buffett Finds Value in Shale

Warren Buffett likes the Permian Basin. This was clear from Berkshire’s (BRK) proposed $10BN preferred investment in Occidental (OXY) should they buy Anadarko (APC). Berkshire’s annual shareholder meeting was followed as usual with a Becky Quick interview on CNBC.The 8% dividend on the preferred OXY will issue to finance their acquisition could be inducement enough for BRK to commit $10BN.

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