Could Warren Buffett Like This Stock More Than Apple Because of Its Once-in-a-Generation Opportunity?
Anyone familiar with Warren Buffett knows the famous investor likes Apple (NASDAQ: AAPL). He has called the company a better business than any of Berkshire Hathaway's subsidiaries and better than longtime Berkshire holdings American Express and Coca-Cola.
However, another company is attracting Buffett's attention even more these days: Occidental Petroleum (NYSE: OXY). Could Buffett like this stock more than Apple because of its once-in-a-generation opportunity?
The company has produced petroleum since 1920, and it's been a long time since the oil business presented a massive shiny new opportunity for investors. But Occidental is pouring billions of dollars into an up-and-coming technology that could be another once-in-a-generation source of riches -- carbon capture and storage (CCS).
Source Fool.com
Occidental Petroleum Corp. Stock
We see a rather positive sentiment for Occidental Petroleum Corp. with 15 Buy predictions and 2 Sell predictions.
As a result the target price of 70 € shows a positive potential of 25.52% compared to the current price of 55.77 € for Occidental Petroleum Corp..
