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Occidental Petroleum (OXY) acquired oil producer CrownRock for $12 billion in December 2023. Portfolio Wealth Advisors President and CIO Lee Munson joins Yahoo Finance following Julie Hyman's interview with Occidental Petroleum CEO Vicki Hollub at CERAWeek by S&P Global, reacting to Oxy's acquisition and the outlook on Berkshire Hathaway's (BRK-A, BRK-B) investments into the energy giant.

"If the business was strong, if their setup was good, I don't think they'd have to make this acquisition. I would've preferred that Vicki said something like 'we weren't planning on doing this at all, but we got this incredible deal. We couldn't resist the price. the price was why we did it,'" Munson elaborates. "But it comes off like this was always the strategy. And that's, to me, that's a tell that tells me I just want to take a break from the stock for a little while."

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Editor's note: This article was written by Luke Carberry Mogan.