Berkshire Hathaway Inc. (BRK.A) Might Further Pursue Oil Plays

Berkshire Hathaway Inc. (NYSE:BRK.A) recently came out with results which were better than analysts’ expectations. The company’s stock also gave thumbs up to investors by rising since then. Most people on the Street, now believe that the magic of Berkshire Hathaway Inc. (NYSE:BRK.A)’s Warren Buffet is back in action now. While others on the Street are fond of the newest tech stocks, Mr. Buffet has majorly stayed away from them and instead has taken a big bet on industrials and railroads.

Warren Buffett

Jim Cramer feels that the Berkshire Hathaway Inc. (NYSE:BRK.A) story is intact and there are no flaws in it, he discussed his views on Berkshire Hathaway Inc. (NYSE:BRK.A) and where he sees value in the U.S. Marketplace on CNBC, today.

“Speculate what he [Warren Buffet] is going to buy and it’s going to be wrong and we are not going to know, but it’s a great part of their [Berkshire Hathaway Inc. (NYSE:BRK.A)] game. General Mills how is that? Look he is so clearly not going to give you any sort of heads up and I think that to play that game with when we are in a situation when earnings might be on a decline, it’s such a dangerous deal,” Cramer said.

Cramer feels that the maximum value in the market, right now lies in the oil and gas space as most of the companies in it have come out with great results and are making good money. He believes that oil can provide value if it can stabilize and especially if the dollar doesn’t continue to go higher. Cramer also believes that oil transportation through rails is an idea that Berkshire Hathaway Inc. (NYSE:BRK.A) could pursue further.

“[...] Trinity did have a good quarter and as Trinity goes, I didn’t think that Trinity would have as great a quarter, but I also didn’t think that the Transportation Safety Board would just get ahead of all this and say, listen, if we are going to ship oil by rail, you are going to make those cars better, but I do really like Berkshire Hathaway Inc. (NYSE:BRK.A) itself,” Cramer added.

Disclosure: None

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