1. Berkshire Hathaway to Take Occidental Shares Instead of Cash Dividends

    Berkshire Hathaway to Take Occidental Shares Instead of Cash Dividends

    (Reuters) - Warren Buffett's Berkshire Hathaway Inc agreed to take Occidental Petroleum Corp common shares in lieu of a first-quarter cash dividend, helping relieve the strain on the oil giant's balance sheet. Berkshire can immediately sell the shares, according to a regulatory filing on Wednesday, but has not indicated its intent...

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    1. They need to preserve cash in any and all ways possible. It's a dangerous time to be a levered E&P company.
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