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Re: hotel7473 post# 7245

Wednesday, 10/16/2019 11:10:19 AM

Wednesday, October 16, 2019 11:10:19 AM

Post# of 8177
"I'm pretty sure BRK owns no MLPs which means no NGL. Did Buffett or BRK ever directly own any MLP?"

re OXY: Yes, that was a typical lucrative Buffett deal. Berkshire Hathaway got preferred stock created for him paying 8% PLUS warrants to buy OXY shares. The deal reminds me of Buffett's bailout of Bank of America around 2010, except that BAC soared afterward while OXY has plummeted from $70 to $42.

No MLP was involved.

Note that I own BRK stock and have long modded IHUB's two BRK boards.

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