Warren Buffett News: Investment Plans, Suncor Energy Inc. (USA) (SU)’s Stock & Berkshire Hathaway Inc. (BRK.A)

Page 1 of 2

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.

hedge fund research

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.

Page 1 of 2