Monday, July 12, 2021

Breaking: Warren Buffett Cancels Pipeline Purchase -- Antitrust Concerns -- July 2, 2021

We'll find a better link tomorrow. It will be all over the business news outlets tomorrow. [Later: link at Bloomberg via Yahoo!Finance.]

Link here for now

Key words/phrases:

  • Dominion Energy (D)
  • Questar Pipelines, a subsidiary of Dominion Energy
  • the sale was completed in November, 2020
  • cancel
  • I wonder how that works. LOL. 
    • we'll see many examples over the next four years
  • Questar: mainly in Utah, Wyoming, Colorado
  • Buffett's subsidiary PacifiCorp: owns Rocky Mountain Power, serves Utah, Wyoming, Idaho; seems to be a bit of overlap; LOL.
  • decision / announcement came days after President Biden said he would do this if Buffett didn't;
  • Greg Abel, the current chairman of Berkshire Hathaway Energy and the vice chairman for Berkshire's non-insurance operations, has been picked by Buffett to eventually take over as Berkshire CEO once the 90-year-old Buffett either retires or passes away
  • market: BRK-B is having an incredibly six months: 
    • $235, January, 2021
    • $280, July, 2021

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New Party Game

Take any CNN article.

Down an ounce of Scotch every time you come across a typographical error.

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