Warren Buffett considering a Canadian opportunity

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mitchl
Posts: 104
Joined: Tue Aug 15, 2023 10:24 pm

Warren Buffett considering a Canadian opportunity

Post by mitchl »

From CNBC:

Warren Buffett hinted that Berkshire Hathaway was evaluating a possible investment opportunity north of the border.

“We do not feel uncomfortable in any way shape or form putting our money into Canada. In fact, we’re actually looking at one thing now,” Buffett said.


https://twitter.com/CNBC/status/1786801054102835610


What are the odds it is a large cap energy name?
dan_s
Posts: 34774
Joined: Fri Apr 23, 2010 8:22 am

Re: Warren Buffett considering a Canadian opportunity

Post by dan_s »

Answer: High

All for our Canadian companies are going to get nice revenue boosts from the shrinking oil price differentials thanks to the TMX pipeline completion.

BTE closed on Friday at a 95% discount to my current valuation. Warren probably will go after a much larger company.
Dan Steffens
Energy Prospectus Group
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