It became known today that Warren Buffett’s Berkshire Hathaway has bought shares in Chevron Corporation for $ 4.1 billion.
Chevron Corporation is one of the largest energy companies in the United States, which produces oil from fields located in the United States, Australia and Kazakhstan.
After the news broke, Chevron shares rose 2.5% in premarket.
But the news about the purchase appeared today, and these shares were bought a couple of months ago. we learned about the investment in Chevron from report for the 4th quarter of 2020…
Should you buy Chevron Corporation?
Considering the rise in oil prices, buying shares of any oil company can be considered a good investment. But is such an investment justified at current prices? Good question! For example, Buffett’s average purchase price is $ 10 below the market opening price.
Therefore, if you buy CVX shares, it is best to do it in parts, using only a small fraction of free capital.
Where can you buy Chevron Corporation shares?
I prefer to buy not the shares themselves, but CFDs on shares in the company InstaForex, because:
- this can be done with a relatively small commission;
- the broker provides swap-free accounts;
- low margin requirements;
- fixed leverage 1:10;
- if you trade on a regular account without using leverage (on your own), then the swap will not be charged.
Those. taking into account the squeeze to the zero price tag, to trade the minimum lot (0.01) of CFDs on #CVX shares, it is enough to have $ 100 on the account.