- Warren Buffett and the Crisis: 'Brilliant Moves Interspersed with Some Surprising Errors'
- Warren Buffett to Sell Stakes In Union Pacific & Norfolk Southern
- BNSF CEO: Buffett's Bid for Railroad "Warmly Received" In Washington
- Berkshire Hathaway's NetJets Furloughs 495 Pilots
- Buffett's Berkshire Hathaway May Lose Only Remaining AAA Credit Rating
- Buffett to CNBC: Berkshire Talking to 5 Firms About Buying Tax Credits
- CNBC Transcript: Warren Buffett Explains His Railroad 'All-In Bet' on America
- Warren Buffett to CNBC: Berkshire Businesses Doing 'Just a Tick Better'
- Warren Buffett Tells CNBC Burlington Northern Buy Is 'Bet' On America
- Warren Buffett Sells More Moody's After Stock Rebounds
RSS FEED
MOST SHARED
- Bear Stearn Fund Managers Not Guilty on All Counts
- Fighting The Flu Vaccine Critics
- Hottest Zip Codes for Home Prices
- Bair: Reserve Fund For Dismantling Must Be Set Up
- 'Thriller' Art: Warhol's Jackson Work Could Net $700,000
- Treasurys Flat as 30-Year Auction Takes Focus
- Oil Tomorrow
- Nov. 10: Unusual Volume Leaders
- CNBC EXCLUSIVE: CNBC MEDIA ALERT: CNBC'S MARIA BARTIROMO SPEAKS WITH STARBUCKS CEO HOWARD SCHULTZ TODAY ON "CLOSING BELL"
- MBIA Shares Plunge in Wake of Earnings
- More Upside if S&P Passes This Number: Market Pro
- Murdoch Lashes Out At Google
- Fighting The Flu Vaccine Critics
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
- The Lloyd's Prayer
- Playing Activision and Other Video Game Stocks: Analyst
- Expect 'At Least' Another 10-15% Upside: Fund Manager
- If Mickey Mouse Has to Change—What Does That Say About You?
- Three Things the US Can Do To Stop the Dollar's Decline
- Bear Stearn Fund Managers Not Guilty on All Counts
- Commodity ETFs: Returns May Not Match Expectations
- Dodd's Proposed Super Bank Cop Faces Tough Battle
- JPMorgan Chase to Hire 1,200 Mortgage Officers
- Housing: 'Shadow Inventory' Dwarfs Loan Modifications
- Home Prices Decline Further In Most Parts of US
- UBS Faces Roadblock in Poaching More BofA Talent
- Ponzi Proceeds: Bidding on Madoff's Toys
Warren Buffett Watch
Text Size 
As oil sand stocks continue to rally in the wake of Monday's visit by Warren Buffett and Bill Gates to northeastern Alberta, we may have a "clue" to an Omaha connection for the tour.
Canada's national newspaper The Globe and Mail reports today that the trip was arranged by Kiewit Corp., an engineering firm based in Omaha that is a contractor on Canadian Natural Resource's Horizon project.
Buffett and Gates toured that facility by helicopter and then looked at some other projects in the area from the air, according to the Globe, which also says the trip was supposed to be "top-secret."
After picking up 7% yesterday, Canadian Natural is up another 3% to $85.42 in New York Thursday. Current real-time price: [CNQ Loading... ()
]
 |
Long-time Buffett friend and former Kiewit CEO Walter Scott, Jr. |
The Globe article stays with the interpretation that while Buffett might be curious about oil sands, it would be very unusual for him to make an investment there. It cites the absence of a competitive "moat" for commodity producers and quotes Buffett-watcher Tony Arrell of Burgundy Asset Management as saying, "I wouldn't have any idea [why he made the trip], but I can hardly think of a time that he has invested in a big, capital-intensive thing."
Current Berkshire stock prices:
Class A: [US;BRK.A
Loading...
()
]
Class B: [US;BRK.B
Loading...
()
]
Questions? Comments? Email me at
Data is a real-time snapshot *Data is delayed at least 15 minutes