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Reuters

Will Buffett's 'put' on oil firm Occidental halt share drop?

Reuters
Summary
Nutrition label

81% Informative

Occidental shares fell to $ 56.17 on Tuesday , below a level that has routinely triggered big purchases by Warren Buffett's Berkshire Hathaway.

Berkshire is the largest owner of Occidental Petroleum shares with a stake worth $16.1 billion .

Wall Street analysts called it "the Berkshire put," for setting a price floor on the oil firm's shares.

The lack of purchases may reflect Buffett 's decision not to add to his nearly 30% stake, analysts said.

VR Score

91

Informative language

96

Neutral language

92

Article tone

formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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