More On The Berkshire Hathaway -- Dominion Deal -- July 11, 2002

From CNN, and other sources, more on the Berkshire Hathaway / Dominion natural gas deal.

Some data points (numbers may be rounded)

• BRK, market cap: $445 billion
• most recent price BRK-B share price: $180
• 52-week high: $230 (market cap at this share price: $565 billion)
• BRK: down 20% "this year"; 
• S&P this year: down just 2%
• 1Q20: cash -- $137 billion
• Dominion natural gas purchase: $4 billion in cash; $6 billion in debt
• BRK's last major deal, 2015: Precision Castparts for $37 billion
• Dominion deal simply fills out a glaring gap in Berkshire's energy portflio
• compare that $10 billion for Dominion with $10 billion for share of OXY late last year
• Buffett: turns 90 years old next month, August, 2020
• likely successors, one or the other or both:
• Greg Abel: runs Berkshire's non-insurance business
• an energy industry veteran
• probably behind both the Dominion and the OXY deal
• Ajit Jain: vice-chairman who runs the insurance operations
• buyer of AMZN for Warren Buffett, either one of the following, either may be next chief investment officer:
• Todd Combs, GEICO/CEO, member of the board, JPM, or
• Ted Weschler
• Big gap: the name of the vice-chairman, if there is anyone, who runs the "high-tech investments" for the company, maybe Weschler

More on Berkshire Hathaway and Dominion:

• Berkshire buys Dominion's natural gas assets; and, here;
• Buffett fleeced Dominon -- Jim Collins, Real Money. This is such a huge story I've archived it; the article is likely to disappear being a paywall
• Buffett's Berkshire Hathaway reduces share count, suggesting possible buybacks -- Reuters via Yahoo!Finance. 
  

BRK portfolio at this link. This link does not include those companies that BRK owns outright.