Warren Buffett is finding something to buy amid the oil market wreckage.
In three days of purchases just revealed in an SEC filing, Berkshire bought almost 2.5 million shares of the company at an average price of $77.22.
That's just around $190 million worth, a small percentage of Berkshire's total stake that's now worth almost $5 billion, but it does indicate that Buffett is finding some value as prices drop.
The most recent, and largest, purchases were made last Thursday when the stock went as low as $75.95.
Since then the stock has continued to edge lower, hitting $74.37 on Monday. The shares ended Tuesday at $77.82, up more than 2.1 percent.
As there can be a lag of several days between purchases and SEC filings, we may find out soon that Berkshire continued to buy.