Berkshire's new holding

**goog** Tue May 16, 2006 12:34 am

Berkshire's new holding
COP, GE and UPS.
GE and UPS are typical Buffet style stock. Looks like Buffet is bullish about energy long term.

**blast_investor** Tue May 16, 2006 2:22 am

Buffet has been bullish on energy for while since he invested into PTR.

With COP new investment, Buffet would be more bullish on energy.

COP's CEO is very aggressive in aquiring natural gas asset and he is departure from a typical conservative major oil firm CEO (Exxon Mobile etc.). COP bets on high energy price.

I am on COP's CEO side. Still many CEOs of major oil integrated firms other than COP refuse to accept high energy price.

**zdplus** Tue May 16, 2006 3:23 pm

I am confused.

I remember Buffett just said the current high OIL and Metal
price is a bubble. Didn't he say that?

/zdplus

blast_investor wrote: Buffet has been bullish on energy for while since he invested into PTR.

With COP new investment, Buffet would be more bullish on energy.

COP's CEO is very aggressive in aquiring natural gas asset and he is departure from a typical conservative major oil firm CEO (Exxon Mobile etc.). COP bets on high energy price.

I am on COP's CEO side. Still many CEOs of major oil integrated firms other than COP refuse to accept high energy price.

**blast_investor** Tue May 16, 2006 5:11 pm

I would pay attention to investors' action more than their words.

This rule applies to Warren Buffet as well. No matter how newspaper articles disclosed Buffet's bearish words on oil, Buffet is bullish on it. Not only that, Buffet is more bullish on oil in recent months because of COP new investment.

zdplus wrote: I am confused.

I remember Buffett just said the current high OIL and Metal
price is a bubble. Didn't he say that?

/zdplus

**goog** Wed May 17, 2006 12:55 pm

Buffet does think the metal price is a bubble. Berkshire sold out MLI while buying COP last quater.

zdplus wrote: I am confused.

I remember Buffett just said the current high OIL and Metal
price is a bubble. Didn't he say that?

/zdplus

blast_investor wrote: Buffet has been bullish on energy for while since he invested into PTR.

With COP new investment, Buffet would be more bullish on energy.

COP's CEO is very aggressive in aquiring natural gas asset and he is departure from a typical conservative major oil firm CEO (Exxon Mobile etc.). COP bets on high energy price.

I am on COP's CEO side. Still many CEOs of major oil integrated firms other than COP refuse to accept high energy price.

**cdnpatriot** Sat Jun 30, 2007 5:05 pm

GE is a special situation. They are about to divest and sell off their assets.

**baczhou** Sat Aug 11, 2007 11:18 am

how do you think PTR now? It is also a Buffet's pick, and it may also get the share from China's growth.