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