Buffett Will Buy OXY Before Musk Buys TWTR

JC Parets
July 8, 2022

There’s been a lot of buzz about the dwindling likelihood of a Twitter $TWTR-Elon Musk tie-up this week.

As Musk’s team has reportedly cut off deal discussions around funding, the talking heads are telling us what price has been suggesting for months now: It’s not happening.

We think the odds of an Occidental Petroleum $OXY takeover by Berkshire is far greater than any buyout chances left for Twitter.

Last night, the latest Berkshire filing hit the wire and revealed a purchase of approximately $700 million worth of shares.

We’re monitoring this one closely, as we think Buffett could make an outright purchase in the coming weeks and months.

In a completely unrelated transaction, Director Ronald Olson revealed an acquisition worth $661,182 in Berkshire Hathaway $BRK.B.

Here’s The Hot List, with data through July 7, 2022:

The only 13G on our list was filed by Angelo, Gordon & Co, revealing an ownership stake of 6.90% in SilverBow Resources $SBOW.

Over in Washington, there was some activity from Rep. Virginia Foxx of North Carolina, who reported a position in Clearway Energy $CWEN.

In the options market, there was bullish flow in Boston Scientific $BSX, Crocs $CROX, and Huntsman Corporation $HUN.

Have a great weekend. We'll be back Monday with more insider action.

If you want these insider transactions e-mailed to you every morning, click here to sign up for The Hot Corner.

And please reach out with any questions. We love hearing from you!

All Star Charts Team

Filed Under