Berkshire’s Latest Acquisition: Another Big Oil Bet

Commonly referred to as the Oracle of Omaha, Warren Buffett is one of the world’s most famous investors, heralded for his simple yet effective valuation methods. So when the legendary investor makes a big bet, most are willing to follow in hopes of cashing in on Buffett’s guru-like instincts. Buffett’s latest bet involves a $1.4 billion arbitrage on Phillips 66 ( PSX ) [for more commodity futures news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Q3 Earnings Scorecard: Commodity Stock Hits And Misses Commodity Earnings This Week: Big Oil Under the Microscope Warren Buffett’s Commodity Stock Picks Q2 Earnings Scorecard: Commodity Stock Hits And Misses Major Commodity Earnings This Week: Big Oil On Tap