http://abcnews.go.com/Business/wireStory...q-20893265

Warren Buffett, Obama's largest 2008 donor, has expanded his holdings to not only include AR15 plants but now $4 Billion of EXXON stock.

He just got done sinking Conoco Phillips, and is moving on to the big boys.

Quote:Warren Buffett's company disclosed a new stake of 40 million Exxon Mobil Corp. shares Thursday and revealed that it further cut its ConocoPhillips investment during the third quarter.

Berkshire Hathaway Inc. filed a quarterly update on its $92 billion U.S. stock portfolio Thursday with the Securities and Exchange Commission. The two oil company investments were the biggest changes.

Berkshire reduced its ConocoPhillips holdings to 13.5 million shares at the end of September, down from 24.2 million shares in June.

But the size of the Exxon investment — worth $3.7 billion at Thursday's closing price — suggests it was Buffett's decision. Buffett has said investments smaller than $300 million are likely to be the work of other Berkshire managers.

Berkshire said in filings that it began buying Exxon shares during the second quarter as it built up 40.1 million shares by the end of September. Thursday's filings don't indicate whether Berkshire continued buying Exxon stock in the past six weeks.

Berkshire has been gradually selling off its ConocoPhillips shares ever since it wrote down their value.

The oil companies profit under 10 cent per gallon, while the government makes almost 60 cent. Who's the crooks?

After they control Healthcare, I'm betting oil comes next.

I think they will buy Fox.

Kind of a misleading headline. Love him or hate him he makes money and that's ultimately where his loyalty lies, with the almighty dollar. Exxon is a better investment.

Positive Rep me and I'll vote for Obama in 2016

(11-18-2013 11:03 AM)ImMoreAwesomeThanYou Wrote:  Kind of a misleading headline.

Except for the sinking Conoco Phillips thing...

(11-18-2013 11:06 AM)Jerry Falwell Wrote:  

(11-18-2013 11:03 AM)ImMoreAwesomeThanYou Wrote:  Kind of a misleading headline.

Except for the sinking Conoco Phillips thing...

I didn't read that. Did I miss it? Or are you implying that because he's liquidating shares they're going to sink?

Positive Rep me and I'll vote for Obama in 2016

I wonder how many women, minorities, and homosexualists worked for Conoco Phillips?

Quote:Buffett has said he made a mistake in 2008 when he bought 84.9 million shares of ConocoPhillips stock, when oil and gas prices were near their peak. He has said that investment cost Berkshire several billion dollars because he didn't anticipate the dramatic fall in energy prices that followed.

Berkshire has been gradually selling off its ConocoPhillips shares ever since it wrote down their value.

(11-18-2013 11:14 AM)Jerry Falwell Wrote:  

Quote:Buffett has said he made a mistake in 2008 when he bought 84.9 million shares of ConocoPhillips stock, when oil and gas prices were near their peak. He has said that investment cost Berkshire several billion dollars because he didn't anticipate the dramatic fall in energy prices that followed.

Berkshire has been gradually selling off its ConocoPhillips shares ever since it wrote down their value.

And?

Positive Rep me and I'll vote for Obama in 2016

I'll go with Buffet on this. He's pretty much known for making brilliant investments.

Brilliant Investments at the public expense. If you can't see how this man influences public opinion to make more money, you're hopelessly lost...

Why else would he buy up all of the media outlets in VA the year of the Terry McAuliffe race? I can guarantee they have a back room deal going.

(11-18-2013 11:49 AM)Jerry Falwell Wrote:  Brilliant Investments at the public expense. If you can't see how this man influences public opinion to make more money, you're hopelessly lost...

Why else would he buy up all of the media outlets in VA the year of the Terry McAuliffe race? I can guarantee they have a back room deal going.

Oh, ok. So, you're basing your entire argument on how you believe the investments of a non government entity could influence public opinion and derail a publicly traded company? I thought us righties were for capitalism. I guess not.

Positive Rep me and I'll vote for Obama in 2016

(11-18-2013 11:24 AM)ImMoreAwesomeThanYou Wrote:  

(11-18-2013 11:14 AM)Jerry Falwell Wrote:  

Quote:Buffett has said he made a mistake in 2008 when he bought 84.9 million shares of ConocoPhillips stock, when oil and gas prices were near their peak. He has said that investment cost Berkshire several billion dollars because he didn't anticipate the dramatic fall in energy prices that followed.

Berkshire has been gradually selling off its ConocoPhillips shares ever since it wrote down their value.

And?

Positive Rep me and I'll vote for Obama in 2016

And, you take the explanation for face value apparently (from ABC news, with local affiliates that are Buffet owned, no less )

Ask yourself - Why would Buffet buy Conoco as he's donating money to Obama? Steven Chou anyone? Buffett KNEW Conoco was in a tight spot, and sank it on purpose.

Government Oil. Coming to a town near you.

http://news.yahoo.com/energy-secretary-c...00713.html

In case anyone forgot that Obama's energy secretary admitted to the Administration's desire to sink big oil.

Buffet doesn't throw away money, he makes more money with his money.
Must benefit him or he would not be doing it.

(11-18-2013 11:53 AM)ImMoreAwesomeThanYou Wrote:  I thought us righties were for capitalism. I guess not.

Last week, you said I was on your ignore list. I thought us righties were for the truth. I guess not.

(11-18-2013 11:57 AM)GoApps70 Wrote:  Buffet doesn't throw away money, he makes more money with his money.
Must benefit him or he would not be doing it.

Government has the biggest pockets... I never said he wasn't "making money" from it.

(11-18-2013 11:58 AM)Jerry Falwell Wrote:  

(11-18-2013 11:53 AM)ImMoreAwesomeThanYou Wrote:  I thought us righties were for capitalism. I guess not.

Last week, you said I was on your ignore list. I thought us righties were for the truth. I guess not.

No, I didn't.

Positive Rep me and I'll vote for Obama in 2016

That's okay. He's thinks I'm black.