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Lots of analyzing what Buffett is signaling. My bet is he had little to do with the purchase and it was more likely made and informed by Greg Abel. Rather than
by johnwheeler 6y ago
Lots of analyzing what Buffett is signaling. My bet is he had little to do with the purchase and it was more likely made and informed by Greg Abel.
Rather than nabbing a bargain, they probably thought the deal just made sense to expand their existing energy assets. In other words, the deal wasn’t good, but it wasn’t bad either. There hasn’t been much bargain buying in wide moat companies at Berkshire for the last ten years.
- nabla9 6y agoBerkshire Energy is continuing buying energy transmission networks and utilities. This fits their long term strategy. Buy utilities, connect them together. Dominion's gas pipeline fits nicely to Berkshire Energy's pipeline coming from California.