Haskett's Monday note, titled, "What was Occidental doing in Omaha?" came as Occidental was formalizing its counter-bid to Chevron's deal. It stated, "Here is where it gets a little more interesting. Warren Buffett does not show up as a holder of OXY or APC or CVX. And a quick search of OXY's 10-K for 'Nebraska' turns up nothing. Yet for some reason, an OXY jet was seen in Omaha yesterday.
Alternative sources of information have been used for years by hedge funds to stay ahead of the competition. Drones have flown over mall parking lots to track retail traffic, as well as operations at battleground stocks like Tesla to keep a tabs on production and deliveries. Tracking corporate planes as an M&A indicator was popular in the 1990s, but companies began masking planes as a result. An
Source: Energy Industry News (energyindustrynews.net)
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