Editor’s Note: Related tickers: Berkshire Hathaway Inc. (NYSE:BRK.A), DISH Network Corp. (NASDAQ:DISH), Suncor Energy Inc. (USA) (NYSE:SU), Kraft Foods Group Inc (NASDAQ:KRFT), Mondelez International Inc (NASDAQ:MDLZ), Bank of America Corp (NYSE:BAC)
Buffett’s railway line to invest $300m in Plains states oil haulage expansion (StockHouse)
BNSF Railway Co., a transport company owned by Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A), said it was investing more than $300 million to improve railway systems in the northern Plains states, which host major oil deposits. The rail company said it plans to invest $115 million on rail projects in Montana this year. This includes the replacement of nearly 100 miles of rail. A $220 million investment in North Dakota finances the replacement of about 315 miles of rail this year. BNSF Chairman Matthew Rose said the capital investments would help ensure the regional network is prepared to handle the growing demand for commodity traffic on U.S. railways.
The Stocks That Warren Buffett Has Dumped (247WallSt)
In last week’s SEC filings, investors were given a chance to see which stocks have been bought and sold by Warren Buffett and Berkshire Hathaway Inc. (NYSE:BRK.A). While new stakes were seen in shares of DISH Network Corp. (NASDAQ:DISH) and Suncor Energy Inc. (USA) (NYSE:SU), there was one position sold out of entirely and there were several stocks that had seen their stakes lowered. 24/7 Wall St. recently outlined which of the Buffett stocks had the most implied upside, but in this feature we wanted to see which of the Berkshire Hathaway stocks were being lightened up and sold off. If Buffett and his new portfolio managers think of things in a forever time frame for core portfolio holdings, what does it signal to investors who might be wondering if they should own those stocks?
Buffett Isn’t the Only Smart Investor Jumping into the Oil Sands (Fool)
Recently it was revealed that Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) had taken a $500 million stake in Canada’s Suncor Energy Inc. (USA) (NYSE:SU). However, it should also be noted that he is not alone as well-known investors like T. Boone Pickens and Steven Cohen have also recently been buying shares of the oil sands developer. The question investors need to be asking is…why Suncor? …What’s interesting, at least from a Berkshire Hathaway standpoint, is that there are some intriguing synergies with Suncor.
Buffett on Pensions in 1975: Has Anything Changed? (ai-CIO)
“There are two aspects of the pension cost problem upon which management can have a significant impact: (1) Maintaining rational control over pension plan promises to employees and (2) increasing investment returns over pension plan assets.” So begins a memo from exalted investor Warren Buffett on the subject of corporate pensions, dated October 14, 1975. The memo, sent to Katherine Graham the then publisher of The Washington Post, outlined the problems and pitfalls facing employers that had signed up to provide pensions for employees. The 19-page document provided some light-hearted opinions about aspects of financial markets.
Buffett builds stake in Suncor (RechargeNews)
US billionaire Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) company revealed it has bought into Suncor Energy Inc. (USA) (NYSE:SU), a Canadian heavy oil producer with a significant portfolio of wind projects. In a US regulatory filing, Berkshire, whose chief executive is Buffett, says it bought $524m worth of Suncor stock in the second quarter. As of 30 June it owned 17.76 million shares of the company. Suncor is best known as a major producer of crude from Alberta’s oil sands from which it obtains most of its output. Suncor Energy Inc. (USA) (NYSE:SU) also has six operating wind farms totaling 255MW – three in Alberta (148MW), two in Ontario (96MW) and one of 11MW in Saskatchewan.
Berkshire again cuts stakes in Kraft, Mondelez (LasVegasSun)
Warren Buffett’s Berkshire Hathaway again cut its stakes in Kraft Foods Group Inc (NASDAQ:KRFT) and Mondelez International Inc (NASDAQ:MDLZ), the packaged food companies that split up late last year. As of June 30, Berkshire had 192,666 shares in Kraft, according to a regulatory filing with the Securities and Exchange Commission. That’s down 88 percent from the stake reported as of March 31. Its stake in Mondelez was slashed by 92 percent to 578,000 shares.
Warren Buffett’s 10 favorite stocks (USAToday)
Warren Buffett is one of the wealthiest men in the world. The chief executive officer and largest shareholder of Berkshire Hathaway (BRKA) has successfully navigated decades of market turmoil, becoming a billionaire in the process. As a result, he is also one of the most closely followed investors. Courtesy of a new filing, individual investors have a peek at how Buffett is investing. Many institutional investment managers recently filed their mandatory 13-F with the Securities and Exchange Commission. The filing is a quarterly report of equity holdings required by managers that oversee more than $100 million in qualifying assets and must be filed within 45 days of the end of each quarter. The 13-F provides a glance at what hedge funds did in the previous quarter, but investors should keep in mind that hedging and trading strategies of each fund are still unknown.
Warren Buffett Will Buy You Dinner If You Make Him $5 Billion (NYMag)
Having lunch with fabled billionaire Warren Buffett is usually a pretty expensive proposition, on the order of a million dollars or so. But Bank of America Corp (NYSE:BAC) CEO Brian Moynihan was recently able to convince Buffett to open his wallet and buy him dinner. All he had to do was make the Berkshire Hathaway baron $5 billion richer in two years. …hares of Bank of America have risen more than 100 percent since Buffett took a similar stake in Bank of America in August 2011—leading Buffett to thank Moynihan for what is now a $5.27 billion paper profit for Berkshire Hathaway in just two years, these people said.
