Lower production of U.S. natural gas and rising global demand for the commodity are setting the stage for a bull market in natural gas in the medium to long term, which Warren Buffett may have predicted when he invested in U.S. natural gas assets in the summer of 2020. Last July, an affiliate of Berkshire Hathaway bought all of the gas transmission and storage assets of Dominion Energy in a nearly $10-billion deal, including debt assumption.
For Berkshire Hathaway, it was the first major acquisition since the start of the coronavirus pandemic…Did Warren Buffett Anticipate A Bull Run In Natural Gas?
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