29-08-2015, 10:45 AM
Warren Buffett’s Berkshire Hathaway Inc. disclosed a $4.5 billion stake in Phillips 66, the Houston-based oil refiner, as the billionaire investor’s company increases its bet on the energy industry....
“Berkshire’s made a clear statement about how they view the oil business,” said Cliff Gallant, an analyst at Nomura Holdings Inc. “They seem to be taking the long view that demand for fuel is going to come back.”..
Berkshire Reports $4.5 Billion Stake in Refiner Phillips 66
“Berkshire’s made a clear statement about how they view the oil business,” said Cliff Gallant, an analyst at Nomura Holdings Inc. “They seem to be taking the long view that demand for fuel is going to come back.”..
Berkshire Reports $4.5 Billion Stake in Refiner Phillips 66