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home / news releases / WES - Buffett Finally Fires His Elephant Gun: Buys $10 Billion Of Natural Gas Infrastructure Assets


WES - Buffett Finally Fires His Elephant Gun: Buys $10 Billion Of Natural Gas Infrastructure Assets

Berkshire Hathaway (BRK.A) (BRK.B) is buying Dominion Energy's (D) natural gas transmission and storage assets for $9.7 billion cash and debt assumption. This is Buffett's first big purchase since the Covid-19 pandemic. A "Buffett buy" has been eagerly anticipated and debated among market participants and pundits, as Berkshire had been more active in the crash of 2008 and prior crises, and Berkshire uncharacteristically actively sold airline stocks into the Covid crisis.

Despite saying the "world has changed" after Covid, Buffett clearly thinks one thing has not changed: the

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Stock Information

Company Name: Western Gas Partners LP Limited Partner Interests
Stock Symbol: WES
Market: NYSE
Website: westernmidstream.com

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