Warren Buffett has loaded up on Occidental Petroleum (OXY) stock in the days following the energy company’s $12 billion Permian Basin acquisition. The billionaire investor bought in at a price that has served as a support level for OXY for the past 18 months.
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Buffett spent $588.7 million on more than 10 million shares of OXY between Dec. 11-Dec. 13, with a price range of 55.58 to a fraction more than 57, according to a regulatory filing late Wednesday.
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