Will Warren Buffett Take OXY Private? | The Acquirer's Multiple®

In their latest episode of the VALUE: After Hours Podcast, Brewster Taylor, and Carlisle discussed Will Warren Buffett Take OXY Private?. Here’s an excerpt from the episode:

Tobias: Buffett is buying OXY hand over fist and he’s clearly a pretty good investor.

Jake: [laughs]

Tobias: And he’s been through a few of these before. He’s had some good experience with oil– Has he ever whiffed on it?

Bill: Yeah, he has. You ask why I think he would benefit from having it private or– I don’t know, if he can exert the same amount of control over production and capital allocation if it’s public and he’s a big-time shareholder. Whereas if he actually truly controls it– Charlie has been talking about for years. I wish that we would just slow production here and preserve our own barrels. If it’s private, you can actually do that.

Tobias: But that’s a national thing, isn’t it, rather than a company specific?

Bill: Yeah, but if you’re the one that owns the barrels at the end, make it rain, baby.

Tobias: I think Charlie’s idea was that we can send all the cash we want overseas. We can send them the paper and bring in the energy.

Bill: Yeah.

Tobias: And then, we’ll be the only ones with energy left at the end of the–

Bill: Then they’ll be holding worthless paper suckers.

[laughter]

Tobias: It seems to be less–

Jake: It’s joke, but it’s kind of–

Bill: I know.

You can find out more about the VALUE: After Hours Podcast here – VALUE: After Hours Podcast. You can also listen to the podcast on your favorite podcast platforms here:

Apple Podcasts