Warren buffet buys

Warren buffet is going to purchase dominion energy for 10 billion why has the stock dropped 10 dollars today? Out of all days when stock market is pumping something is not right there ???

Any thoughts??

1 Like

there’s some other bad news about them cancelling a project. could have something to do with it

1 Like

I know they cancelled it to sell it to him??! 5 billion in debt he’s taking it on and stock price falls… does he get the deal cheaper you think if it’s less ?

it was cancelled due to ongoing delays and cost uncertainty, nothing to do with buffet

edit: ps i’m just googling not a dominion energy specialist :slight_smile:

1 Like

Haha I’m sure yahoo said they stopped it to sell it to him, not cos of costs but I might of mis read, I’m not investing or looking to was just confusing

Either way it’s down 10%.

Winter is coming
download

Heating bill increases … stock price increases … Trading212 balance increases :laughing:

Dominion Kills Atlantic Coast Pipeline Project

In a separate statement on Sunday, Dominion, along with partner Duke Energy Corp. (NYSE: DUK), said they were canceling the Atlantic Coast Pipeline project due to “ongoing delays and increasing cost uncertainty which threaten the economic viability of the project.”

The pipeline has been abandoned even after the favorable United States Supreme Court decision last month. The project has faced major protests from landowners in the pipeline’s path and environmental activists.

“This announcement reflects the increasing legal uncertainty that overhangs large-scale energy and industrial infrastructure development in the United States,” Dominion Chief Executive Officer Thomas Farrell said in a statement.

“Until these issues are resolved, the ability to satisfy the country’s energy needs will be significantly challenged.”

The pipeline that was to run from West Virginia to eastern North Carolina through Virginia was last estimated to cost $8 billion.

https://finance.yahoo.com/news/dominion-energy-sells-gas-assets-065127872.html

2 Likes

:joy::joy::joy::joy::joy: that made me laugh so much it popped up as notification all I seen was down 10% winter is coming :rofl: so TRUE! if that stocks drops anymore it’s going to be at it’s all time low haha!

Finger on the buy button right now lol :smiley: Tempting lads, tempting! :smiley:

But damn, it really is tanking all the way to the floor today.

My bad! I know now not to read articles at 3am

:joy: surely it can’t go down anymore, I might press buy myself

1 Like

one nice rule: never assume a stock can’t go any lower than it already is, cause it can! lol

1 Like

What surprises me more is that despite the acquisition announed today and seeing how the S&P is rising, Berkshire’s B shares are up less than 2% ie. less than the market as a whole.

Haha I know, just looking at the all time chart, if it does be at all time low… for no reason?

In my honest opinion i think warren buffet is washed up now, times have changed and is younger people don’t care about things like Coca Cola, were in for the new 3 plus decade of stocks… I really think he’s lost his way. Like I don’t think he owns one tech stock. Oil gas alla that it’s going downnnnn

Check my insta portfolio (not fully up but started it) @mediciieraassets I’m Warren buffet 2.0…

I think Warren is just getting his affairs in order before he dies.
Sad, but more than likely the reality of the situation.

Poor guy should have got out on top and enjoyed his last years, instead of the way it’s gone down for him this year.

2 Likes

he owns a huge chunk of Apple, which is keeping him afloat really.

Yeah something like that, what do you think will happen with Berkshire when that happens?

He owns a decent chunk of StoneCo. That’s a tech stock.