"Under Buffett's wing, fuel retailer Pilot leaps into oil trading, eyes refining"
"(Reuters) - One of the largest U.S. diesel retailers is assembling a fuels trading, processing and distribution powerhouse that could turn a truck stop operator part-owned by billionaire Warren Buffett into the Walmart of petroleum.
Known best for its Pilot Flying J service stations, Pilot Company has hired veteran energy traders and expanded into Latin America's fuels markets. Under Buffett's wing, the company is quickly broadening into buying, processing, distributing and marketing fuels."
Wow! Double Wow!! Remember when Ted Weschler bought a chunk of Dillards [DDS] stock with his own money about a year ago? Well look at the chart since then!!! I've got admit that's a stock I'd have never bought.
SA: "Berkshire ratchets up stock buybacks in Q3, cash pile grows"
"During the quarter, operating earnings rose 18% as strong gains at its railroad, utilities, energy; and "other businesses" helped to offset a larger insurance underwriting loss."
* "Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) takes new positions in Royalty Pharma (NASDAQ:RPRX) with 13.1M shares and Floor & Decor Holdings (NYSE:FND) with 817K shares, according to its latest 13F filing.
* Exits stakes in Merck (NYSE:MRK) and Liberty Global (NASDAQ:LBTYK).
* Boosts holdings in Chevron (NYSE:CVX) to 28.7M shares from 23.1M shares.
* Trims stakes in AbbVie (NYSE:ABBV) to 14.4M shares from 20.5M, Bristol Myers Squibb (NYSE:BMY) to 22.0M shares from 26.3M shares, and Marsh & McLennan (NYSE:MMC) to 2.74M shares from 4.20M.:
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