on Wednesday after the International Energy Agency projected a record demand slump through 2020.
The stock payment could prove costly should Occidental emerge triumphant from the coronavirus lockdown. Shares stood at $13.28 as of 1:15 p.m. ET Wednesday, down about 68% year to date. Berkshire held 2% of Occidental shares by the end of 2019, The Journal reported, and its newly bolstered stake could surge in value if oil market demand recovers.Occidental also faces a $40 billion debt pile it needs to pay off, likely boosting the appeal of keeping cash.
So they end paying around 35% intrest
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Stock-market bull warns investors not to ‘chase the rally’ as ‘epic battle’ between Fed and coronavirus unfoldsCanaccord Genuity chief market strategist is no stranger to bullish stock-market calls, but after a remarkable run for U.S. stocks over the past few weeks,... Gold is terribly dealing with bears. I doubt they even venture it 1st this is NOT a typical “bear market.(Panic) 2nd the market has not reflected the working class economy for decades (faux relief) 3rd the global pandemic is making money for Insiders (rally) 4th Taxpayers bail out banks & corporation already paying net $ 0% (frustration) Main Street America experiences massive loss of income,feels pain & uncertainty, and gets a tiny Congress stimulus (basically a good’ol “addaboy,hang in there”). Wall Street America experiences massive wealth protection, feels euphoria & confidence, and gets a Huge Fed Bailout.
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