Buffett once again bottomed out oil stocks and focused on the A-share sector next week!
Buffett's Berkshire Hathaway bought 9.55 million shares of Occidental Oil between June 17 and 22, costing about $529 million, bringing its direct holdings to 152.7 million shares, an increase in its shareholding ratio to 16.3%.
This isn't the first time Berkshire has bought stock in Occidental, which Buffett bought about $7 billion earlier this year and just last month increased his stake in Occidental for $336 million.
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It seems that Buffett still has a fondness for oil, and the god operation that was once on PetroChina cannot help but sigh countless people, shares are shares, and ordinary people in the world of Shen can't understand it.
This time Buffett once again bottomed out Western oil, and from the trend point of view, it is also the bottom area.
After a period of adjustment of international crude oil, with the arrival of summer and the beginning of economic recovery in various countries, the demand side began to strengthen.
At the same time, various measures to suppress oil prices in the United States have not seen much effect, and most OPEC + member countries have stated that there is no possibility of additional production capacity.
The recent news of Ba workers and production suspensions from oil-producing countries such as Nigeria and Congo has had a negative impact on the supply and demand situation.
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From the perspective of technical patterns, it has fallen back to the previous support position and stabilized, and is expected to open a wave of rebound next week.
**In A-shares, the concept of oil and gas extraction and service also showed a swing start signal on Friday, and this direction can be followed next week.
