22 February '10
10:47 AM UTC

Warren Buffett’s BNSF Buy Looking Smarter as Coal Surges

Buffett: a clever bet on coal

O, Oracle of Omaha, how could we ever have doubted that your bet on coal was a wise choice?

Now, as coal prices have surged more than 40 percent from last year’s lows, we see three reasons why Warren Buffett’s purchase of the Burlington Northern Sanata Fe railroad – which hauls 1/5 of the nation’s coal – was smart. Read More »

17 November '09
1:57 PM UTC

Warren Buffet: Going Long on CO2

Yesterday, Warren Buffet‘s Berkshire Hathaway increased its stake in Exxon Mobil, buying some 1.28 million shares . The stake was valued at about $87.6 million at the end of the third quarter.

Albeit much smaller, the investment followed Buffet’s $44 billion acquisition of railroad giant Burlington Northern Santa Fe (BNSF). On BNSF he said the acquisition was a bet on America’s future. It was also a bet on CO2 as BNSF is the country’s biggest coal hauler.

We posed the question before and in light of yesterday’s news, we will ask it again: Is Warren Buffet going long on CO2? Read More »