to acquire Dominion Energy's natural gas transmission and storage business, signaling the famed investor is willing to write big checks in the middle of a raging pandemic.
In exchange, it will bolster its $100 billion asset portfolio with over 7,700 miles of natural gas pipelines, about 900 billion cubic feet of Dominion-operated natural gas storage, and other infrastructure.Bank of America identifies 3 indicators that could make or break the stock market this summer – and warns they're all deteriorating fast
It will also own 50% of Iroquois Gas Transmission System, and 25% of Cove Point LNG, one of only six export terminals for liquefied natural gas in the US.
Yeah I guess there is still hope for natural gas. They can still squeeze some value. But don't expect him to hold on to that longer.
jarodgarner
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Warren Buffett's Berkshire buys Dominion Energy natural gas assets in $10 billion dealIt's the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March. Richy Rich Not very green, Maybe the mob will go after him 'With the purchase, Berkshire Hathaway Energy will carry 18% of all interstate natural gas transmission in the United States, up from 8% currently.'
Source: CNBC - 🏆 12. / 72 Read more »
Warren Buffett spent $6.5 bn to help Mars buy Wrigley in 2008 crisis - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 사탕이면 사탕 수수. 수수께기를 잘 내나? And I care because...? Why not do an expose on Trump finances...you know...journalism?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Warren Buffett's Berkshire Hathaway adds to energy portfolio, buys Dominion Energy gas lines in $9.7B dealDominion has more than 7 million energy customers across 20 states in the U.S. Berkshire Hathaway provides service to 12 million worldwide customers. The fact that i dont understand this headline let's me know this is billionaire people problems. so Trump is still after ObamaCare, This is good news.
Source: USATODAY - 🏆 100. / 63 Read more »
Warren Buffett's Berkshire buys Dominion Energy natural gas assets in $10 billion dealIt's the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March. Richy Rich Not very green, Maybe the mob will go after him 'With the purchase, Berkshire Hathaway Energy will carry 18% of all interstate natural gas transmission in the United States, up from 8% currently.'
Source: CNBC - 🏆 12. / 72 Read more »
Buffett's Berkshire to buy Dominion Energy gas assets for $4 billionBerkshire Hathaway Inc said its energy unit will buy Dominion Energy Inc's natural gas transmission and storage network for $4 billion, helping billionaire Chairman Warren Buffett reduce his conglomerate's cash pile while letting Dominion focus on utilities operations. Fed gives cash infusion into BH to buy Dominion Energy. This smells like a government bailout with Berkshire Hathaway playing intermediary. Keep it in the ground, Warren!!!! ‘... helping billionaire Chairman Warren Buffett reduce his conglomerate's cash pile” If you need a hand with that cash pile DM me Warren.
Source: Reuters - 🏆 2. / 97 Read more »
Warren Buffett's Berkshire Hathaway adds to energy portfolio, buys Dominion Energy gas lines in $9.7B dealDominion has more than 7 million energy customers across 20 states in the U.S. Berkshire Hathaway provides service to 12 million worldwide customers. The fact that i dont understand this headline let's me know this is billionaire people problems. so Trump is still after ObamaCare, This is good news.
Source: USATODAY - 🏆 100. / 63 Read more »