Occidental Petroleum: Warren stays the course

(Boursier.com) — Berkshire HathawayWarren Buffett’s investment firm, acquired 5.2 million additional shares of the oil producer Western Petroleum for $312 million between December 19 and 21, bringing its stake to 27.7% according to filings with the Securities & Exchange Commission. Berkshire had previously purchased nearly 10.5 million additional Occidental shares in a week earlier this month, bringing its stake to 27% of Occidental’s capital. Berkshire’s previous purchases of Occidental shares dated back to late October.