The BNSF Railroad
CAN YOU BELIEVE THIS?
You probably thought opposition to the Keystone Pipeline was pure and noble and environmentally based.
Right?
Thanks Ralph -
In reality it's business, nothing more, if BNSF revenues drop he will divest plain and simple...... he doesn't need the company. This is nothing more than misleading anti-Democrat spin coming from partisan Republicans.
Berkshire Hathaway divests stake in Exxon Mobil for $3.74bn
Warren Buffett's Berkshire Hathaway has divested its stake in Exxon Mobil for $3.74bn, amid falling oil prices.
Citing a US Securities and Exchange Commission filing, Reuters reported that the company bought a new 24.7 million share stake in Deere & Co. (DE), an agricultural equipment manufacturer. Besides, several other changes were included in its common stock investments.
The 41 million-share stake in Exxon Mobil was acquired by Berkshire in 2013, when the oil price was at its peak.
Raymond James energy analyst Pavel Molchanov told Reuters in an interview that Buffett "is of course a value investor, and the fact of the matter is that Exxon shares held up extremely well during the oil price meltdown."
In the last three months of 2014, Berkshire also sold 471,994 shares in oil company ConocoPhillips. However, the investment firm, led by Warren Buffett, has not completely exited the oil sector - as of 31 December 2014, the company retained interests in Suncor Energy, National Oilwell Varco and Precision Castparts, reported The Telegraph.
Warren Buffett divests Intel holdings, buys stakes in oil-services firms
Berkshire Hathaway Inc., the holding company controlled by billionaire investor Warren Buffett, disclosed in a regulatory filing on Tuesday that the company sold all of its 7.7 million shares of Intel Corp., the Washington Post reported.
The Omaha, Neb.-based company also bought 2.8 million shares in National Oilwell Varco Inc. (NYSE: NOV) and 27 million shares of Houston-based Phillips 66 (NYSE: PSX), according to the report.
Houston-based National Oilwell Varco operates an office in San Antonio that supplies frac sand handling equipment to oil-and-gas companies.
READ MORE: http://article.wn.com/view/2012/08/14/Warren_Buffett_divests_Intel_holdings_buys_stakes_in_oilserv/
The Omaha, Neb.-based company also bought 2.8 million shares in National Oilwell Varco Inc. (NYSE: NOV) and 27 million shares of Houston-based Phillips 66 (NYSE: PSX), according to the report.
Houston-based National Oilwell Varco operates an office in San Antonio that supplies frac sand handling equipment to oil-and-gas companies.
READ MORE: http://article.wn.com/view/2012/08/14/Warren_Buffett_divests_Intel_holdings_buys_stakes_in_oilserv/
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