Warren Buffett and Bill Gates sparked some speculation and discussion with their visit to Canada's oil sands region, but there's no hard evidence that they have actually invested, or will invest, in the energy source that some see as an alternative to U.S. reliance on Middle Eastern oil. Billionaire investor-philanthropist Warren Buffett has once again put his money in the oil sands, and Alberta’s crude producers are cheering him on. As of 2006, Mr. Buffett was an investor in American oil giant ConocoPhillips, which owns sizable oil sands assets in a partnership with Canada’s largest oil company by market value, EnCana Corp. Alberta’s Athabasca oil sands are one of few oil basins in the world where production is slated to grow in coming years and the massive play has Suncor is based in Calgary, Alberta, at the center of Canada’s oil sand region. The oil sands have made Alberta major producer of synthetic crude on the world markets, and are widely credited Furthermore, in September 2011, Grizzly Oil Sands ULC announced that it had chosen GE ’s water technology for its Algar Lake oil sands project in Alberta. Buffett Raises Big Bucks for Barack. Buffett hosted an Obama fundraiser in August 2007, well before the 2008 Democratic Party presidential primaries. The minimum donation was $500 to attend Warren Buffett Dumps Oil Sands Giant Suncor. Berkshire Hathaway’s third-quarter regulatory filings show that the Warren Buffet-owned firm has abandoned Suncor Energy – a Canadian company that greatly benefitted from the billionaire’s financial show of support in 2013. A Top Canadian Oil Stock That Warren Buffett Likes. Berkshire Hathaway Inc.’s (NYSE:BRK-A)(NYSE:BRK-B) recently-disclosed stake in Suncor Energy Inc (TSX:SU)(NYSE:SU) has surprised many analysts. But it’s a good case to understand the stock-picking strategy of the world’s most successful value investor, Warren Buffett.
14 Feb 2019 Warren Buffett's Berkshire Hathaway Inc. is wading into the struggling Canadian energy industry, taking a stake in oil-sands producer Suncor 6 Mar 2020 Warren Buffett's Berkshire Hathaway is pulling out of a Canadian in the Canadian oil sands, home to the world's third-largest oil reserves. 16 Jan 2020 Additionally, Canadian output is notoriously lower quality, whether its from oil sands or heavy oil projects. This production requires more 10 Mar 2020 He purchased shares of Canadian oil sands company prior to two of the most violent oil price plunges in recent history. Buffett admits that he
15 Feb 2019 Buffett's Canadian oil bet isn't a rallying cry for frackers. LD management and vertical integration in Canada's oilsands make it a special case. 7 May 2019 Warren Buffett is still taking heat from Kraft Heinz stock, but he still makes Suncor is a leading producer of oil sands crude oil in Canada. 26 Apr 2016 including the oil refiner Phillips 66 and the Canadian tar sands operator Suncor Energy, Inc. His company's rail giant, BNSF, drew $4.6 billion 12 Jan 2018 “There's no one, probably other than Warren Buffett, who's seen and actually lived through all these cycles in oil.” Analysts with Peters & Co., 19 Aug 2016 Warren Buffett's favorite holding time is forever, but when necessary, developing petroleum resource basin, Canada's Athabasca oil sands.
16 Jan 2020 Additionally, Canadian output is notoriously lower quality, whether its from oil sands or heavy oil projects. This production requires more 10 Mar 2020 He purchased shares of Canadian oil sands company prior to two of the most violent oil price plunges in recent history. Buffett admits that he 16 Nov 2016 Berkshire Hathaway's third-quarter regulatory filings show that the Warren Buffet- owned firm has abandoned Suncor Energy. 14 Feb 2019 Warren Buffett's Berkshire Hathaway Inc. is wading into the struggling Canadian energy industry, taking a stake in oil-sands producer Suncor
Buffett’s Oil Sands Play Even with the large Phillips 66 stake, Buffett isn’t an all out oil bull. He owns just two energy-related stocks. Phillips 66 is a bet that lower oil prices (and lower gas prices) will drive higher demand for gasoline. Meanwhile, Buffett also owns another energy stock, Suncor Energy (NYSE: SU). This too isn’t your conventional oil stock. Buffett bets on Suncor and oil sands. Open this photo in gallery: Billionaire financier Warren Buffett revealed in a U.S. regulatory filing that he has accumulated a stake of 17.8-million shares in Suncor Energy Inc., worth $620-million at the current share price. Warren Buffett and Bill Gates sparked some speculation and discussion with their visit to Canada's oil sands region, but there's no hard evidence that they have actually invested, or will invest, During the first quarter of the year, Warren Buffett’s Berkshire Hathaway (NYSE: BRK-B) sold off two of its key oil stocks. One was Exxon Mobil (NYSE: XOM). One was Exxon Mobil (NYSE: XOM). The As of 2006, Mr. Buffett was an investor in American oil giant ConocoPhillips, which owns sizable oil sands assets in a partnership with Canada’s largest oil company by market value, EnCana Corp. Alberta’s Athabasca oil sands are one of few oil basins in the world where production is slated to grow in coming years and the massive play has been the focus of in global attention. Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B), led by investing legend Warren Buffett, who is assisted in his stock-picking endeavors by Todd Combs and Ted Weschler these days, took note. Suncor is now part of Berkshire's portfolio. Buffett, Berkshire Hathaway, BNSF and the Tar Sands Many eyebrows were raised in August 2008, when two of the richest men on the planet, Warren Buffett and Bill Gates, sojourned to Alberta’s tar sands patch. The Calgary Herald wrote “they took in the oilsands, apparently with awe.”