had built up a record $137 billion cash hoard as the financial market tanked, and that he hadn't seen many opportunistic deals, despite the stock market's deep swoon.
For Dominion, the move is one of a series it is taking to transition to a pure-play regulated utility company that focuses on clean energy production from wind, solar and natural gas. Following the sale, Dominion expects that 90% of its future operating earnings will come from its utility companies that provide energy to more than 7 million customers in states like Virginia, North and South Carolina, Ohio and Utah.
Currently, Dominion pays out 85% of its operating earnings, but post transaction the company is targeting an operating earnings payout of 65%, which it says is more in line with its peers.
Source: News Formal (newsformal.com)
ONE MORE EVIL MOTHER FUCKER getting away with murder. adding him to my list of top Tier targets for global financial sanctions and travel restrictions.
Breaking the silence. Finally!
Northeastgas stoolpresidente 👀
Can someone ask Jim Cramer how he now feels about Square? There are not enough eggs to cover his face on this one.
The next decade of US economy will be beholden to whatever Berkshire Hathaway and Amazon buy up and monopolize...
Still a very very smart man.
Great! Hope he pushes for more Renewable Clean Energy!
𝗜𝗳 𝘆𝗼𝘂 𝗷𝘂𝘀𝘁 𝗴𝗼𝘁 𝗶𝗻𝘁𝗼 𝗖𝗿𝘆𝗽𝘁𝗼, 𝗴𝗲𝘁 𝘀𝗸𝗶𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗴𝗮𝗺𝗲. ‘𝗠𝗜𝗡𝗘’ 𝗶𝘁 𝗱𝗼𝗻’𝘁 𝗷𝘂𝘀𝘁 𝗯𝘂𝘆 𝗶𝘁. 𝗦𝗵𝗼𝗼𝘁 𝗺𝗲 𝗮 𝗗𝗠👉✉️ 𝗶𝗳 𝘆𝗼𝘂’𝗿𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱
Why is the Federal reserve buying his corporate bonds? He is not fucking broke.
Robber barons still exist. Furniture Mart and Wal Mart oppressive socialist marketing systems, that wipe out jobs and local support co- operatives. No Little league sponsors or corner store milk. CNG infrastructure? Kills local green energy again. Fossil fuel addicted old friend
That's y he made fun of bio gas projects all the time
president of Death. 😈
BillShannon8
Time to eat the rich
Warren sure does know what his doing!
elonmusk wasn’t wrong
Follow today
Hold up... interesting
Buffett jumped the shark - also at the wrong time he may as well buy some coal and oil stocks too. Maybe some mercury products. Berkshire Bidenway.
Buffett wants the D
tomdorsey and DorseyWrightDWA the 'S curve' story continues...
The best investor on the planet bought a gas company... I guess green energy is dead...
Warren era is over.
What is My Uncle Big Money 💰 Pockets doing Now! Buying Up Everything! Yes Sir!
Bottom feeder.
This should be interesting. Looking to see how this affects DCP tomorrow.
Boy o Boy like he don't owe enough already
Hey Becky Quick, here’s a good question for Dr Scott Gotlieb tomorrow morning. Is there any chance we are getting a lot more false positive tests that may help explain why the positivity rate is going up? Like the golfer Cameron Champ
Buffett’s Berkshire Hathaway conglomerate is going to add a lot of equity in these companies that will be at discount in this incoming recession.
Who conned that old man into that taking advantage of his age?
Omg natural gas is not good for the world. He can just write that off as a bad investment and shut them down doing his part to stop Earth's destruction.
Money loves Money... I.e. Capitalism is what this Countey is founded on and why it is So great!
I wish Warren would buy the Washington Post and put another Katherine Graham in charge of it.
heknowhowtomakemoney
Finally, the splurge has started.
He's too cautious. Lost 18% on value stocks in the energy sector. Energy is a great buy right now for mid term hodlers.
Investing in the past again 🤡
LamboJohnny Buy low sell high, natural gas is very low right now.
Zzz
Buffett might sold his AAPL stocks and gained more than 100%. Now, he jumped into the cheapest Natural gas asset which most investors just cut lose. Good for him. Apple will be in trouble.
Hmmmm 🤔
He and Charlie in my humble opinion have been off their game during the coronavirus crisis. They’ve been timid and made an ill timed sale of airlines. But hey he’s the greatest and a billionaire and I’m not😊
Interesting timing.
I hope they aren't located anywhere in the US or fracking either.
*Deletes scheduled tweets*
Great that Buffett has started buying!!!
It's all connected. In other big dominion news:
Not sure I want someone who can’t use a smartphone and missed Amazon, google, Netflix, Microsoft, faceless book and mostly missed Apple and bought Kraft, managing my money. I think he needs to tap dance home and stay.
Dominion bought old Questar plus Dominion owns the Cove Point LNG terminal which has been ill fated at best ?
Must be nice to play Monopoly with real money
So I guess the read-through tomorrow is Buffett sees deals out there now & so w/ the FED not backing off & Wall St looking thru 2020 let the buying begin.
After seating quietly in the corner🏖 during all this market up/down time...the Market lion king 🦁is finally woke up...to use his cash🏧💰💵 wisely... The show is start...NOW...
Great deal. Keep up the good work buffett
So that’s what all the cash being stockpiled is for....tbh I was hoping it would be a company that’s making giant leaps in AI and Robotics for industrial applications
Right after Dominion lost ACP
A business story on CNBC - what is happening here?
No surprise. They have been looking for an energy company for a while. Were outbid for one last year in Texas.
This can't end well. And it was approved by who? GREED. 'YOU FOOLISH PAWN'S' -GREED
stoolpresidente what kind of $10,000,000,000 moves you making lately. WarrenBuffett is the all time king. Game. Set. Match. Amirite jimcramer sorry not sorry...
👍👍👍👍👍
maybe he should buy DDTG to shut down the negative narrative 😆
TMFOtter
Tiny deal. Still sitting on plenty of cash
So what is a share of Dominion worth post announcement.?
USA civil war soon begin to destroy black racists and looters and Antifa and Dems traitors and invading illegals
Here Comes the Master and his master Stroke!!
SamRo More losers, just like the airlines, the banks, and his consumer Hines! He’s living in the past! He makes no money on the tech stocks clouds hot stocks are where the money is being made!
Wow Berkshire that's quite a splurge. Sometimes an investment company just need to treat themselves.
🟩🟩🟩🟩🟩 bullish tomorrow
About time Resistance turns up the volume and acknowledges Buffett is complicit with what is going on in the White House. His silence is loud.
Warren Buffoon, the Oligarch of Omaha just made another crony capitalist acquisition using Federal Reserve money.
Isn’t there going to be a glut in natural gas? Might not be a good move
In his wheel house; he gets these deals right
SamRo Finally, some action over at Berkshire. Guess he still doesn’t like tech.
Good for $SHLL
We’ll see how smart this acquisition proves to be. I expected more deals like this with Berkshire’s abundance of cash + great opportunities due to the pandemic.
Just the start of what will inevitably be a long shopping list for Buffet - sitting on his largest ever cash pile - snapping up ever cheaper bargains as the economies collapse
'With the purchase, Berkshire Hathaway Energy will carry 18% of all interstate natural gas transmission in the United States, up from 8% currently.'
🐂
Richy Rich
Not very green, Maybe the mob will go after him
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