Partners on Ockham

“… >> it’s got to be higher. >> when we come back, on the stress tests, will the banks get some relief next week? And a lot more from becky live at the BERKSHIRE HATHAWAY annual …” …more details…

“… Predicament. Phil, appreciate your time. And the quick analysis. Phil weiss joining us from argus. We’ll see what chevron does for futures over the next few hours. EXXON is a big story. Big week for energy earnings. >> coal higher? >> it’s got to be higher. >> when we come back, on the stress tests, will the banks get some relief next week? …” …more details…

“… >> yeah, we can think of a few players who are in that predicament. Phil, appreciate your time. And the quick analysis. Phil weiss joining us from argus. We’ll see what CHEVRON does for futures over the next few hours. Exxon is a big story. Big week for energy earnings. >> coal higher? >> it’s got to be higher. >> when we come back, on the …” …more details…

“… >> how much of your thesis hinges upon oil breaking out of this incredibly stubborn range, high 40s, low 50s? >> it doesn’t really have to do that because the strong balance sheet that CHEVRON has really helps position it well for the future, and I think that it’s going to give it some opportunity to acquire either assets from distressed companies …” …more details…

“… Do the earnings do anything to massage your view? >> the earnings numbers look they were about in line with what I expected. >> talk to me about the differences between chevron and EXXON, if any, and how does the company play into the overall theme of companies looking more and more to the debt market to finance capital and exploration? >> the biggest difference I see between EXXON and chevron is that at least over the next couple of years, chevron’s slate of products is going to grow production more than EXXON. EXXON, we figured, would be flat to up or down 1% in production while chevron could grow production as much as 4%. >> is it true they have one of the industry’s strongest pipe lines, at least at this moment? >> yes, that would be correct. That’s what would contribute to that growth rate. >> we’re looking at the one year chart versus EXXON. Why the slight underperformance of cvx? >> compared to EXXON, EXXON has — although chevron’s balance sheet is strong, EXXON’s even stronger. EXXON is kind of thought of that safe place to be in the sector because of its size, because of the amount it carries and things some investors just default to for a place to park some money in the energy sector. …” …more details…

“… That’s a nice 4% yield. Do the earnings do anything to massage your view? >> the earnings numbers look they were about in line with what I expected. >> talk to me about the differences between CHEVRON and exxon, if any, and how does the company play into the overall theme of companies looking more and more to the debt market to finance capital and exploration? >> the biggest difference I see between exxon and CHEVRON is that at least over the next couple of years, CHEVRON’s slate of products is going to grow production more than exxon. Exxon, we figured, would be flat to up or down 1% in production while CHEVRON could grow production as much as 4%. >> is it true they have one of the industry’s strongest pipe lines, at least at this moment? >> yes, that would be correct. That’s what would contribute to that growth rate. >> we’re looking at the one year chart versus exxon. Why the slight underperformance of CVX? >> compared to exxon, exxon has — although CHEVRON’s balance sheet is strong, exxon’s even stronger. Exxon is kind of thought of that safe place to be in the sector because of its size, because of the amount it carries and things …” …more details…

“… Decisions were made then. I gave people great credit for >> we’re going to have more from buffett in a minute. Meantime, CHEVRON numbers are looks like 92 cents. The street was looking for 81. Earnings still down 64% from the we have the big exxon miss we’ll see if CHEVRON — if the dynamics are any different. Joining us on the phone this morning, phil weiss, senior energy analyst at argus energy I know you have a buy on the …” …more details…

“… Buffett in a minute. Meantime, chevron numbers are looks like 92 cents. The street was looking for 81. Earnings still down 64% from the we have the big EXXON miss we’ll see if chevron — if the dynamics are any different. Joining us on the phone this morning, phil weiss, senior energy analyst at argus energy …” …more details…

“… Here on cnbc. We are just one hour away from the opening bell. And this morning, i’m at the qwest center in omaha, nebraska. Just hours from now, the BERKSHIRE HATHAWAY faithful will descend on this arena. It holds just over 20,000 but guess what? 35,000 shareholders are expected for tomorrow’s event. That leaves a lot of people who are going to be trying to cram into all of these chairs. Right now this is an empty qwest this is what it looks like when people come in to start lining up for the BERKSHIRE HATHAWAY we’re talking about 20,099 seats at the end of the day, leaving an extra 15,000 to have to find somewhere else to watch it. …” …more details…

“… >>> good morning, everybody. Welcome back to "squawk box" here on cnbc. We are just one hour away from the opening bell. And this morning, i’m at the QWEST center in omaha, nebraska. Just hours from now, the berkshire hathaway faithful will descend on this arena. It holds just over 20,000 but guess what? 35,000 shareholders are expected for tomorrow’s event. That leaves a lot of people who are going to be trying to cram into all of these chairs. Right now this is an empty QWEST this is what it looks like when people come in to start lining up for the berkshire hathaway we’re talking about 20,099 seats at the end of the day, leaving …” …more details…