CVX - COP - APC -- The Saga Continues -- April 30, 2019

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Title : CVX - COP - APC -- The Saga Continues -- April 30, 2019
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CVX - COP - APC -- The Saga Continues -- April 30, 2019

This is absolutely fascinating to follow. After it was revealed that OXY sought and received support from Warren Buffett in the former's goal to buy Anadarko:
  • OXY: down a whopping 2.89%; losing almost $1.75; trading at $58.30
  • CVX: up a whopping 3.22%; adding $3.79 to its under-value value; now trading at $121.51
WTI is up slightly today, so one can argue that the change in OXY / CVX share price is due completely to the Warren Buffett story. Apparently investors would like CVX  and OXY to stay away from Anadarko, which is not uncommon.

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