Buffett Effect: Most Occidental Retail Traders Admit Oracle Of Omaha Has 'Significant’ Effect On Their Decisions

Occidental Petroleum’s (OXY) retail investors are following Warren Buffett-led Berkshire Hathaway’s lead for trades in the oil and gas producer’s stock. The energy firm’s shares have gained 10.6% over the past week after Warren Buffett’s Berkshire Hathaway boosted its stake in the company. The company also topped fourth-quarter earnings estimates. …