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Buffett Buys KMI

Posted on 2/17/16 at 9:49 am
Posted by Bernie_Madoff
Jail
Member since Feb 2016
171 posts
Posted on 2/17/16 at 9:49 am
Seeking Alpha

quote:

The Form 13F filing shows a 26.5 million share stake valued at $395.9 million. Others, including David Tepper and George Soros, have also initiated positions in Kinder Morgan.


quote:

Kinder Morgan has hardly been Berkshire's only investment in energy. Indeed, the company has been building a sizable position in the refiner Phillips 66 (NYSE:PSX). Since August 2015, Berkshire has accumulated 72.3 million shares of the refiner, good for a 13.7% stake. Interestingly, Phillips 66 has a considerable pipeline presence via Phillips 66 Partners (NYSE:PSXP).


Buffett seems to be picking value plays in the energy sector. What other value plays does the money board like in energy right now and why?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 2/17/16 at 10:15 am to
LINK /

I'm up earlier than you. And don't always do my research out of a soup can.

Posted by Bernie_Madoff
Jail
Member since Feb 2016
171 posts
Posted on 2/17/16 at 10:36 am to
Did you go to home depot and buy some PVC and think..."I think I'll buy KMI. Pipes are awesome."
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