Continue to increase its holdings and cost 40 billion yuan in January. Buffett's iron -hearted to acquire Western oil?

On the one hand, the representative of new energy BYD, while increasing the traditional energy Western oil.

For Buffett's waves, many people can't understand it. Among them, Ren Zeping, an Internet celebrity economist, is a mistake to sell Buffett to sell BYD.

Standing at the moment, it is difficult to say that Buffett sells BYD at this time, but from the results, more than 30 times the return in 14 years. For long -term investors, it is already a relatively rich return Essence In terms of future trends, new energy vehicle companies have obviously still have great opportunities. With the improvement of the penetration rate of new energy vehicles, traditional car companies transform new energy are also the general trend.

So, what does Buffett further increase the traditional energy sources? Does Buffett think that most new energy vehicle companies have been overestimated?

In my opinion, the reason why Buffett reduces BYD is because BYD triggers some kind of reduction of Berkshire's holdings, so Berkshire chose to reduce his holdings. From the current trend, Buffett's reduction of holdings is likely to reduce its holdings. It will not be a small trouble. In the future, it should continue to reduce its holdings until the proportion of positions is reduced to a reasonable position, and even clearance.

Of course, there is no need to over -interpret it, because investors' judgments on a company and even an industry have personal subjective colors.

It is worth noting that although Buffett has reduced its holdings of "new energy", it has been in additional traditional energy.

According to the latest disclosure of Western oil, Buffett's shareholding of Berkshire's holdings of Western Petroleum has increased from 20.2%to 26.8%, which means that in the past month 100 million yuan) Increase holdings of Western oil.

At present, the market value of Western oil has been hovering above $ 60 billion, and the stock price has fallen more than 10%recently. Although its stock price has fallen, it is still at a high level of history.

In mid -August, Berkshire had been approved by the Federal Energy Management Commission that it could purchase up to 50%of the stocks of Western Petroleum Corporation. According to the current trend of Berkshire's increase in holdings, in the future, Buffett will fully acquire Western oil.

If Buffett's full acquisition of Western oil, then this transaction will become the biggest transaction in Buffett's life, and it may also become a mountain of Buffett.

In fact, the intersection of Buffett and Western oil was generated in 2019. At that time, in order to acquire the oil company Anadarko and Chevron's dragon, Western oil produced competition. In the end, Western oil bears 17 billion debts at a cost of $ 38 billion, totaling 55 billion The dollar won Anadarko.

But this transaction was not easy for Western oil. At that time, the company also received $ 10 billion in financing from Berkshire, and Berkshire also obtained the priority of 100,000 Western oil shares through this financing. And 84 million shares to purchase Western oil appraisal certificates.

According to data, because the acquisition of Anadarko has generated a large debt, reducing the level of liabilities is what Western oil must do. As of the end of the last quarter, the scale of Western oil net debt has been reduced to US $ 21.7 billion, and the company has resumed some dividends and began to repurchase stocks.

According to relevant data, the current debt ratio of Western oil has returned to the level before acquisition of Anadarko.

The reason why Buffett saw Western oil on the one hand was betting on the rise of international oil prices, and on the other hand, it was because Western oil entered environmental protection. According to data, Western oil will build the world's largest carbon capture factory. According to the latest bills, every ton of carbon will be sucking from the air, the factory will receive a tax credit of up to $ 180.

In summary, I think that Western oil has doubled, and Buffett's safety pads holding Western oil are also thick enough. As international oil prices have been at a high level, the performance of Western oil will also be improved accordingly. The market value of Western oil has exceeded $ 60 billion. In the future, with Buffett's continued increase in holdings, it does not rule out $ 100 billion, but for ordinary investors, investment should be difficult to invest. Therefore, the actual factors must also be considered when following Buffett.

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