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The Long Investor
USOIL testing the breakout level now.
Maybe too obvious?
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USOIL testing the breakout level now.
Maybe too obvious?
USOIL is looking interesting here for the rest of 2024. - The Long Investortweet
Offshore
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Offshore
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Hidden Value Gems
RT @HiddenValueGems: Semper Augustus annual letter is out. 149 pages of financial history, stories about Charlie Munger, analysis of Berkshire Hathaway, current market conditions and expected returns.
All you can wish for to make it a fun weekend!
Enjoy 😉 $BRK
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RT @HiddenValueGems: Semper Augustus annual letter is out. 149 pages of financial history, stories about Charlie Munger, analysis of Berkshire Hathaway, current market conditions and expected returns.
All you can wish for to make it a fun weekend!
Enjoy 😉 $BRK
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Offshore
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Hidden Value Gems
In his latest letter, Buffett has explained the value $OXY creates for the US economy and why he owns a 27.8% stake.
I am sure he has looked at $EQNR, but surprised he has not taken a stake (or maybe it is not disclosed yet)?
In this month's Capital Markets Day mgmt promised $14bn cash distributions in 2024 (19% yield) via dividends and buyback....crazy!
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In his latest letter, Buffett has explained the value $OXY creates for the US economy and why he owns a 27.8% stake.
I am sure he has looked at $EQNR, but surprised he has not taken a stake (or maybe it is not disclosed yet)?
In this month's Capital Markets Day mgmt promised $14bn cash distributions in 2024 (19% yield) via dividends and buyback....crazy!
tweet
Hidden Value Gems
Even if you do not own $BRK, I highly recommend reading this 16-page masterpiece. Buffett also discusses his investments in $OXY and five Japanese conglomerates.
And the Meeting is in Omaha on 4 May! berkshirehathaway.com/letter…
16/16
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Even if you do not own $BRK, I highly recommend reading this 16-page masterpiece. Buffett also discusses his investments in $OXY and five Japanese conglomerates.
And the Meeting is in Omaha on 4 May! berkshirehathaway.com/letter…
16/16
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Hidden Value Gems
1⃣6⃣Financial results: “Berkshire also reports to you what we call “operating earnings.” Here is the story they tell: $27.6 billion for 2021; $30.9 billion for 2022 and $37.4 billion for 2023.”
15/16
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1⃣6⃣Financial results: “Berkshire also reports to you what we call “operating earnings.” Here is the story they tell: $27.6 billion for 2021; $30.9 billion for 2022 and $37.4 billion for 2023.”
15/16
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Hidden Value Gems
1⃣4⃣On the Utilities business (BHE): “When the dust settles, America’s power needs and the consequent capital expenditure will be staggering. I did not anticipate or even consider the adverse developments in regulatory returns and, along with Berkshire’s two partners at BHE, I made a costly mistake in not doing so.”
13/16
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1⃣4⃣On the Utilities business (BHE): “When the dust settles, America’s power needs and the consequent capital expenditure will be staggering. I did not anticipate or even consider the adverse developments in regulatory returns and, along with Berkshire’s two partners at BHE, I made a costly mistake in not doing so.”
13/16
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Hidden Value Gems
1⃣3⃣On the value of BNSF: “Our railroad carries its 23,759 miles of main track, 99 tunnels, 13,495 bridges, 7,521 locomotives and assorted other fixed assets at $70 billion on its balance sheet. But my guess is that it would cost at least $500 billion to replicate those assets and decades to complete the job.”
12/16
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1⃣3⃣On the value of BNSF: “Our railroad carries its 23,759 miles of main track, 99 tunnels, 13,495 bridges, 7,521 locomotives and assorted other fixed assets at $70 billion on its balance sheet. But my guess is that it would cost at least $500 billion to replicate those assets and decades to complete the job.”
12/16
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