Thursday, February 18, 2016 10:02:26 AM
Soros, who has been taking a generally bearish approach to the oil patch, has disclosed a Kinder Morgan stake of 50,700 shares, worth now about $887,000. Hedge fund manager Tepper's disclosed holding is about 9.5 million shares, worth about $163 million as I write on Wednesday. None of them hold a commanding stake in the company: Buffett's shares come to about 1.2% of the total outstanding and only about one-third of a percent of the $130-billion portfolio of his Berkshire Hathaway holding company.
The Buffett move has all kinds of implications.
A switch from transporting oil by rail to pipeline?
Removal of one of the biggest Keystone XL political roadblocks?
Are they aware of AOT and has it affected their decisions to invest in KMI?
Not just one but three financial luminaries investing in a pipeline company why? why? Why?
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