Fundamental company data provided by Morningstar, updated daily. This is false, as most of the oil that would have made use of the Keystone XL will likely travel through existing and new pipelines. In a huge vote of confidence in the recovering U.S. economy, Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., which runs the nation's Warren Buffett ‘s Berkshire Hathaway (NYSE: BRK-B) bought Burlington Northern Santa Fe for $26.5 billion back in 2010. Mitte der 1990er Jahre kam es im amerikanischen Eisenbahnsektor zur bis heute … During this year, 110.2 million barrels of crude oil were transported from Canada to the United States by rail ( here ), meaning only about 8% of the year’s imports from Canada traveled by rail. Warren Edward Buffett [ˈbʌfᵻt] (* 30. Reuters reported in 2013 - when the Keystone XL was being debated - that some industry officials, energy analysts and recent data raised questions about whether the industry really is eager to adopt crude-by-rail, primarily pointing to the economic cost of using rail over pipelines ( here ). You are correct, $44 billion was the total cost (includes the shares he already owned and the debt assumed). If you build the increase in the price of diesel fuel into the post-2003 experience, when revenues suddenly start to grow, what you see is that the entire growth of the revenue is accounted for by the energy advantage that the railroads have and therefore how much business they can capture from the truckers, and how much pricing they can get because the competition is now more expensive. Nachdem Buffetts Investmentholding Berkshire Hathaway bereits im Frühjahr einen ersten Anteil an der zweitgrößten US-Eisenbahngesellschaft Burlington Northern Santa Fe erworben hat, baute Warren Buffett sein Engagement über den Sommer weiter aus.. Valueinvesting.de, 09. Business Insider ( here ) also reported on Buffett not donating to Biden during this election after having donated to Hillary Clinton and Barack Obama in past elections. BNSF people are from all areas of the country and have a variety of skills. The news agency also admits trains on the BNSF carry lots of energy (especially oil and coal). The first claim in these posts is that Warren Buffett, the American business tycoon and billionaire, donated $58 million to Joe Biden’s 2020 campaign. Mr. Buffett’s Berkshire Hathaway Inc. owns Burlington Northern Santa Fe LLC, which is among the railroads that would transport oil … Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation's largest rail company will benefit from a … Our calculation is he was paying 21-times. They are paying 18 times earnings, but it’s really much worse than that. Then all through 2008 Buffett was able to invest that cash at progressively higher rates of return.Make no mistake, Buffett was not like Michael Burry or Steve Eisman and saw the huge financial collapse coming. 'Buoyed by an onshore oil boom, Burlington Northern Sante Fe has become a cash machine for Mr. Buffett,' Investment News reported in 2015. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. NEW YORK (MarketWatch) — Berkshire Hathaway Inc. said Tuesday it agreed to buy railroad operator Burlington Northern Santa Fe Corp. in a $44 billion deal that Chairman Warren Buffett called “an all-in wager” on the U.S. economy. FORBES estimates its value has doubled since then. The U.S. is also still poised to import record amounts of Canadian oil in the coming years, and several of the lines carrying that crude are in the midst of expansions (more detail on these in a Reuters report   here   ). Der legendäre US-Investor Warren Buffett besorgt sich das nötige Geld für seine bislang größte Übernahme: Um den Kauf der Eisenbahn-Gesellschaft Burlington Northern Santa Fe stemmen zu können, leiht er sich acht Mrd. Currently, Mr. Buffett is Chairman & Chief Executive Officer of Berkshire Hathaway, Inc. and Chairman & Chief Executive Officer at Berkshire Hathaway Assurance Corp., Chairman & Chief Executive Officer of General Reinsurance AG, Chairman & Chief Executive Officer of … Warren Buffett donated 58 million to Biden campaign. It was his biggest acquisition ever. Nach einer aktuellen Meldung vom 31. Some estimates suggest that the value of Burlington Northern has doubled, thanks to soaring profits and cash flow. OpenSecrets.org by the Center for Responsive Politics, a non-profit and nonpartisan research group based in Washington, D.C. focusing on government transparency and tracking money in politics, lists Warren Buffett’s political contributions  here . The Burlington Northern Santa Fe (BNSF) Railway Company (reporting mark BNSF) is the largest freight railroad network in North America.One of seven North American Class I railroads, BNSF has 41,000 employees, 32,500 miles (52,300 km) of track in 28 states, and more than 8,000 locomotives. Members Only. If you look at what their margins should have gone up by, given the energy efficiency, the margins go up by only about half of that. In late 2009 (incidentally, the year Obama took office) Berkshire Hathaway took full ownership of the Burlington Northern Santa Fe Railway Company in a $44-billion deal. The posts say Buffett’s railroad “is now transporting all that oil” following the Keystone XL Pipeline’s cancellation. Days after U.S. President Joe Biden cancelled construction plans for the Keystone XL Pipeline - meant to carry oil from Canada’s Alberta province to Nebraska - posts on social media alleged this move was due to Warren Buffett’s extensive political donations to Biden’s campaign. He has a history of making bad oil play decisions. Warren Buffett‘s Berkshire Hathaway (NYSE: BRK-B) bought Burlington Northern Santa Fe for $26.5 billion back in 2010. Buffett's Berkshire Hathaway has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion. So there’s no issue about having to earn a return on them because you have to keep it in the business, and because there’s nothing they can do with those rights-of-way. Dave Smallen, director of public affairs at the Bureau of Transportation Statistics, sent Reuters estimates for 2020 calculating that of the oil coming from Canada to the United States, 74.4% used pipelines compared to 3% using rail. Buffett besaß 2009 28,5 % der Anteile von Berkshire Hathaway, entsprechend einem damaligen Kurswert von 36 Mrd. August 2007 besitzt Berkshire … Mit dem Deal setzt Buffett … Warren Buffett said he's making an "all-in wager on the economic future of the United States" with the purchase of railroad Burlington Northern Santa Fe. LEARN MORE Our Railroad. “We admire Warren’s leadership philosophy supporting long-term Rail shipments from North Dakota have surged from fewer than 100,000 barrels a day in 2010 to 800,000 barrels a day last … Buffett and Munger often mention how their biggest advantage is that they don’t have to worry about catering to Wall Street and their complete focus can be on running Berkshire as a business. Read more about our work to fact-check social media posts   here  . Warren Buffett Explains Why He Purchased Burlington Northern Santa Fe Railroad April 02, 2013 | About: BRK.A -0.84% BRK.B -0.71% I recall very clearly late in 2008 when my admiration for Warren Buffett as an investor reached even higher levels than ever before. Since then, Buffett’s railroad stock investment is paying off nicely. Debbie Bosanek, assistant to Warren Buffett, told Reuters via email that “Mr. Burlington Northern Santa Fe debt, not included in BNSF’s balance sheet – Source: Source: Berkshire Hathaway 2019 Annual Report. But he was waiting for a big opportunity, not sure when, why or how that opportunity would arrive.It takes incredible discipline to sit and wait. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Das Geschäft hat ein Gesamtvolumen von 44 Milliarden Dollar. Warren Buffett's $26 billion " bet on America " is now official. Warren Buffett Couldn't Have Imagined the Success of This Purchase When Berkshire Hathaway bought Burlington Northern Santa Fe… The BNSF is one of the largest freight railroad networks in North America, with “a rail network of 32,500 route miles in 28 states and three Canadian provinces" ( here ). The American Express salad oil scandal, the Sees Candy, National Indemnity, Blue chips stamp, Geico, Coca-Cola, Wells Fargo I & Wells Fargo II, BAC+GS+GE prefered... And now NSF & IBM. 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Warren Buffett made the biggest bet of his career, agreeing to buy Burlington Northern Santa Fe Corp. in a $26.3 billion deal that reflects his … If you look at the asset value of the non-right-of-way equipment, and you write it up because it’s more expensive than it was originally, you get an asset value that’s very close to the earnings power value. What Is in the GuruFocus Premium Membership? BNSF ’s announcement came merely a week after the … We don’t see a lot of hidden profitability in the culture of the company. Its trains carry energy (such as oil and coal), agricultural and consumer products. Past performance is a poor indicator of future performance. The company is an indirect, wholly owned subsidiary of Berkshire Hathaway, which is controlled by investor Warren Buffett. It is the company’s biggest acquisition ever. His company, Berkshire Hathaway, purchased Burlington Northern Santa Fe for $34 billion four years ago. Warren Buffett’s company completed its largest acquisition ever Friday when it bought Burlington Northern Santa Fe Corp. Berkshire Hathaway Inc. also … Buffett should know. ... Burlington Northern Santa Fe (BNSF) recently said it would proceed with plans to increase speeds for oil-by-rail unit trains in Devil’s Lake, N.D. to 60 MPH from 30 MPH, despite opposition from local officials. They report depreciation and amortization, and they report only about 70% of the maintenance cap-ex. Warren Buffett will den Eisenbahnkonzern Burlington Northern Santa Fe ganz übernehmen. Could Berkshire Already Own a Stake in Buffett's Next Deal? I’m sure there were plenty of decent opportunities that Buffett passed on while waiting, but having cash when nobody else does is the best way to amplify your returns.Given my level of admiration for Buffett I was somewhat annoyed when I read this from Bruce Greenwald immediately after Buffett completed the $44 billion acquisition of Burlington Northern:“I know you own Berkshire Hathaway, so I have to ask you what you think about Buffett’s purchase of Burlington Northern.Greenwald:It’s a crazy deal. It has three transcontinental routes that provide rail connections between the … Das Unternehmen gehört zum Berkshire Hathaway-Konzern von Warren Buffett. CNN has reported that Warren Buffett’s company, Berkshire Hathaway, will buy railroad corporation Burlington Northern Sante Fe ("BNSF") for $44 billion.. Berkshire (BRKA, Fortune 500), which already has major stake in Burlington Northern, said it would acquire the remaining 77.4% of the company in a cash-and-stock offer worth $100 per share.The deal, … For 2005, 2006 and 2007 I watched as Buffett sat with tens of billions of dollars on the Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) balance sheet earning virtually nothing. OMAHA, Neb. Most of the oil that would have been transported by the now-cancelled Keystone XL Pipeline will likely use existing and new pipeline infrastructure, not railways. As a bit of history, Buffett purchased BNSF in a $44 billion deal in 2009. Now I have to say, before you go out in public and suggest that Buffett has lost his mind, a person should maybe consider that perhaps he or she simply isn't smart enough to understand what Buffett is doing.Because as it turns out, Buffett had not lost his mind. Warren Buffett und Barack Obama im Weißen Haus, Juli 2011. Warren Buffett's Berkshire Hathaway announced it would purchase Burlington Northern Santa Fe... [+] railroad for $44 billion on November 3, 2009. They claim that railways owned by Buffett now stand to benefit from transporting the oil that the Keystone XL Pipeline would have carried. NYT: Awesome Train Set, Mr. Buffett . While Buffett donated to the Democratic Congressional Campaign Committee (DCCC, the committee working to elect Democrats to the House of Representatives) and to former astronaut and junior senator Mark Kelly (D-AZ), no other political recipients are listed for this election cycle of 2019-2020 (this was also reported by Yahoo! here ). Warren Buffett would lose billions in transport fees if the pipeline is completed. Warren Buffett is spending $34bn on the Texas-based Burlington Northern Santa Fe railway. 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