The rage in the mainstream media is that oil and gas is dead. Unfortunately, Warren Buffett sees things differently.
In this video I discuss how Buffett just spent $10 billion acquiring the natural gas assets from Dominion.
▶️ 3Speak
Buffett Bullish On Natural Gas
5 years ago in Threespeak by taskmaster4450le (81)
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i have always believed that gold and natural gas are good products to invest on but the only challenge i find with those kind of investment is that i personally believe that it requires huge capital to be able to enjoy maximum benefits from investing on them....
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@taskmaster4450le i guess there is something he really saw that made him invested so much on it,well i think it is a nice move though....
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i think that his decision will play an important role in determining the future price of the natural gas,$10 billion dollars is a huge amount to invest on a natural gas...wealthy men always willing to take wealthy risks..lol
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Considering Berkshire is sitting upon $137 billion in cash, it is a risk they can afford to take.
And with Buffett, it is likely to pay off.
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Hopefully this will be a better deal than Occidental Petroleum has been thus far.
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@taskmaster4450le i believe this news might be a big signal that this could be the best time to start investing on natural gas...
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