BURLINGTON NTH SANTA FE (BNI) 98.10 $0.02 (0.02%) 04:03AM (15 mins delay)

Is Berkshire's Burlington Move All About Coal?

Nov 04, 2009 - 1:35 AM EST

Edward Harrison submits:

I had a feeling there was an energy component to the Berkshire Hathaway (BRK.A) decision to buy Burlington Northern Santa Fe (BNI). And now comes the evidence via coal, a major freight on BNSF’s tracks. But, there is a lot more to this acquisition than just hauling coal.

Warren Buffett has been increasing his energy plays in recent years, both in the U.S. and abroad. He has said repeatedly that he likes energy and power. His chief asset in the U.S. is Mid-American Energy, a major utility company whose CEO is often touted as one of the eventual successors to Buffett at the helm of Berkshire.

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Source: Seeking Alpha (Nov 04, 2009 - 1:35 AM EST)