Why Big Investors Are Doubling Down Right Now on Oil & Gas Stocks

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Berkshire Hathaway أخبار

Buffett,Oil,Gas

Buffett, Slim and Tepper are making major bets on energy companies such as Occidental, PBF and Energy Transfer LP

For decades, Berkshire Hathaway NYSEBRK.B Chairman and CEO Warren Buffett adopted a conservative investment approach, favoring retail and banking stocks while giving a wide berth to more volatile sectors such as energy and tech. Indeed, big American banks have been Warren Buffett's favorite investment for decades as he considers them a vital part of the American infrastructure, a nation he continually bets on.

paying $4 billion in cash for the assets, and assuming $5.7 billion in debt. Berkshire Hathaway Energy acquired 100% of Dominion Energy Transmission, Carolina Gas Transmission and Questar Pipeline as well as 50% of Iroquois Gas Transmission System. Berkshire also landed 25% of Cove Point LNG, one of just six export-import and storage facilities for liquefied natural gas in the U.S.

 

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