Some estimates suggest that the value of Burlington Northern has doubled, thanks to soaring profits and cash flow. They are paying 18 times earnings, but it’s really much worse than that. In buying Burlington Northern Santa Fe, Warren E. Buffett is hoping that the demand for shipping by train will remain strong or even grow. Warren Buffett will den Eisenbahnkonzern Burlington Northern Santa Fe ganz übernehmen. 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. Nach einer aktuellen Meldung vom 31. BNSF ’s announcement came merely a week after the … Warren Buffett Couldn't Have Imagined the Success of This Purchase When Berkshire Hathaway bought Burlington Northern Santa Fe… Maps of the Keystone Pipeline System and Keystone XL Pipeline show its route: they Keystone XL would have created a “shortcut” in transporting oil from Alberta to Nebraska, while the existing Keystone Pipeline System connects the Canadian source to multiple U.S. states ( here ). Buffett gave no money to the Biden presidency campaign in 2020. 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. It was his biggest acquisition ever. 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 … The other thing is that if you try to calculate sustainable earnings, you have to cope with the fact that earnings are up enormously since 2003, when oil went up. 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. Warren Buffett's $26 billion " bet on America " is now official. Cancelled by Biden on first day. See here for a complete list of exchanges and delays. Berkshire Hathaway did not respond to Reuters request for comment on possible gains from Keystone XL’s cancellation. Mr. Buffett’s Berkshire Hathaway Inc. owns Burlington Northern Santa Fe LLC, which is among the railroads that would transport oil … Warren Buffett owns the railroad that is now transporting all that oil. Why Is Warren Buffett Interested in Verizon Communications? Again as with the banks the year before, Buffett wasn’t investing in company fundamentals as much as he was investing in … Our calculation is he was paying 21-times. In short, rail infrastructures cannot compete with existing pipelines to transport oil at the rate the United States does. Environmental activists and indigenous communities hailed the cancellation, and traders and analysts said U.S.-Canada pipelines will have more than enough capacity to handle increasing volumes of crude out of Canada, the primary foreign supplier of oil to the United States ( here ). MOST U.S. OIL IMPORTS FROM CANADA USE PIPELINES, NOT RAILWAYS. States,” said Mr. Buffett. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Buffett is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate that acquired Burlington Northern Santa Fe Corp (BNSF) in 2009, which was at the time the billionaire investor’s biggest-ever acquisition ( here ). 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 ). 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. Executive Order shutting down the Keystone pipeline will seem to divert a large percentage of crude shipping back to rail. Correcting Wood Mackenzie team name in paragraph 22. 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, … It is the company’s biggest acquisition ever. As Reuters admits, Berkshire Hathaway does in fact own one of the largest railroad networks in North America: the Burlington Northern Santa Fe Corp, which runs 32,500 route miles crossing 28 states and several Canadian provinces. US-Dollar. Warren Buffett's Berkshire Hathaway announced it would purchase Burlington Northern Santa Fe... [+] railroad for $44 billion on November 3, 2009. The major player when I was up there was Burlington Northern Santa Fe (BNSF), now indirect, wholly owned subsidiary of Berkshire Hathaway, controlled by Warren Buffett.. Buffett / Biden international politics phone call Buffett's Berkshire Hathaway has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion. We didn’t see a lot franchise value or hidden asset value. It’s an insane deal. It's been seven years since Buffett's Berkshire Hathaway Inc. announced its biggest deal to date -- the $35 billion-plus purchase of Burlington Northern Santa Fe Corp. 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. Our Standards: The Thomson Reuters Trust Principles. Selbstverständlich könnte ich Ihnen die Namen nennen, aber danach müsste ich Sie töten.“ Valueinvesting.de, 08. I remember very vividly watching him on CNBC in mid 2007 where he said he thought a recession was unlikely. Warren Buffett schrieb: „Wir führen diese Wertpapiere mit einem Börsenwert von 1,9 Mrd. Buffett's Berkshire Hathaway has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion. Ever since the first quarter of 2007, Warren Buffett’s Bershire Hathaway (NYSE:BRK.A) has been buying into Burlington Northern Santa Fe Corp. (BNI). Burlington Northern Santa Fe debt, not included in BNSF’s balance sheet – Source: Source: Berkshire Hathaway 2019 Annual Report. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Anlagegrundsätze. Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. There are the rights-of-way, which you can’t get rid of. “It’s expensive to transport crude by rail, especially over long distances,” Ben Cahill, a senior fellow in the Energy Security and Climate Change Program at the Center for Strategic and International Studies (CSIS), told Reuters via email. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The same thing happened recently. 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. ... 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. Warren Buffett ‘s Berkshire Hathaway (NYSE: BRK-B) bought Burlington Northern Santa Fe for $26.5 billion back in 2010. Buffett is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate that acquired Burlington Northern Santa Fe Corp (BNSF) in … Some estimates suggest that the value of Burlington Northern has doubled, thanks to soaring profits and cash flow. Warren Edward Buffett is an American businessperson who has been at the helm of 6 different companies. Warren Buffett's Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration's decision to … Correction Feb. 3, 2021: Removing reference to Energy Information Administration / Department of Energy in paragraph 15, the data is from BTS. © 2004-2021 GuruFocus.com, LLC. Warren Buffett's company recently discovered it owns two short-line railroads that it must sell because of its 2010 acquisition of the Burlington Northern Santa Fe … 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 … Standard & Poor's said it will add Warren Buffett's Berkshire Hathaway Inc to its flagship S&P 500 stock index, as the company prepares to acquire railroad operator Burlington Northern Santa Fe Corp. 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 ). 'Buoyed by an onshore oil boom, Burlington Northern Sante Fe has become a cash machine for Mr. Buffett,' Investment News reported in 2015. It notes that “the impacts of a [Keystone XL] cancelation are muted over the medium-term in large extent due to two other pipeline projects just around the corner (Enbridge Line 3 Replacement (L3R) and the TransMountain Expansion project (TMX).” These pipelines “will likely take rail volumes down to any contractual minimums until 2030.”. The world's second richest man, Warren Buffett, is buying himself an enormous train set by acquiring one of America's largest freight railway operators, Burlington Northern Santa Fe, … Warren Buffett’s ‘elephant-gun’ purchase of the Burlington Northern Santa Fe, LLC (NYSE:BNI) railroad for $34 billion in 2010 was impeccably timed (coming as it did a year off the 2008-2009 financial crisis) and a huge bet on the revival of the US economy. 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. It’s entirely an energy play. 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. FORBES estimates its value has doubled since then. As a bit of history, Buffett purchased BNSF in a $44 billion deal in 2009. We don’t see a lot of hidden profitability in the culture of the company. Since then, Buffett’s railroad stock investment is paying off nicely. His company, Berkshire Hathaway, purchased Burlington Northern Santa Fe for $34 billion four years ago. 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. Dollar am Kapitalmarkt. 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. If built, TransCanada's Keystone XL (KXL) pipeline would carry tar sands crude, or bitumen (“dilbit”) from BNSF is focused on keeping the railroad moving forward, meeting customers' needs and serving the communities where our employees live and work. In 2012 Burlington Northern had record earnings of $3.372 billion, which means that Buffett's purchase price is 13 times earnings. However, just four years later, this investment is worth at least $65 … 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 . As a bit of history, Buffett purchased BNSF in a $44 billion deal in 2009. Warren Buffett is spending $34bn on the Texas-based Burlington Northern Santa Fe railway. There is nothing special about the railroads. They report maintenance cap-ex very carefully. Warren Buffett donated 58 million to Biden campaign. Warren Buffett's Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion. 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. They claim that railways owned by Buffett now stand to benefit from transporting the oil that the Keystone XL Pipeline would have carried. 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. A DIY Guide on How to Invest Using Guru Strategies. 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. So you don’t have a good aggressive management over these five years producing outsized returns. It also explains why one is a professor - a smart one though - and the other the world's greatest investor. Could Berkshire Already Own a Stake in Buffett's Next Deal? Buffett made a $34 billion dollar investment in the Burlington Northern Santa Fe railroad (BNSF) one year after Obama was elected. Buffett should know. Tue 3 Nov 2009 10.30 EST. Or another way to think about it is that Berkshire had an earnings yield of 7.7% in 2012 on its original purchase price ($3.372 billion / $44 billion).That is a pretty good return on $44 billion, which is a little harder to invest at high rates of return than a few thousand dollars here and a few thousand dollars there. The news agency also admits trains on the BNSF carry lots of energy (especially oil and coal). Burlington Northern Santa Fe, LLC; Type: Subsidiary: Industry: Rail transport: Founded: 1993; 28 years … Stock quotes provided by InterActive Data. The company is an indirect, wholly owned subsidiary of Berkshire Hathaway, which is controlled by investor Warren Buffett. 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. Secondly, there are two kinds of assets. You are correct, $44 billion was the total cost (includes the shares he already owned and the debt assumed). As far as I know did Buffett pay closer to 44 bln for BNSF? The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. But one investor, Warren Buffett, has invested billions under the assumption that it already is. 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 ). Cahill told Reuters that after the cancellation, “other pipelines will come online and crude exports by rail will continue to be a last resort.”, The North American Upstream team at energy consultants Wood Mackenzie sent Reuters findings from the company’s North American Crude Market Service report which agreed with this prediction. Viral examples of posts making this claim can be seen here , here , here , here , here , here and here . a-afx NEW YORK. In my view the BNSF deal nicely illustrates how Buffett and Munger with their wide circle of competence across many industries view long term trends (in this case the shifts in transportation due to the energy challenge ahead of the US) as one form of a company having a sustainable moat. 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. There is a simple calculation you can do, which compares the cost-per-ton-mile for freight for a truck versus a railroad. By “Keystone pipeline”, the posts are referring to the Keystone XL Pipeline, a project cancelled by Biden on his first day in office on Jan. 21, 2021, dealing a death blow to a long-gestating project that would have carried 830,000 barrels per day of heavy oil-sands crude from Alberta to Nebraska. Warren Buffett’s company completed its largest acquisition ever Friday when it bought Burlington Northern Santa Fe Corp. Berkshire Hathaway Inc. also … Buffett’s paying 18-times [at $100/share] and at $75 he was paying 16-times. ... US-Dollar seinen Anteil von 22,6 % an US-Eisenbahn-Konzern Burlington Northern Santa Fe auf 100 %. Die Burlington Northern Santa Fe LLC ist eine amerikanische Holdinggesellschaft. 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 … And that was at $75/share, we thought there were better oil plays. Read more about our work to fact-check social media posts here . Fundamental company data provided by Morningstar, updated daily. 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. A map of the Keystone XL’s route alongside the existing Keystone Pipeline System, operating since 2010, can be seen here . By DAN BARRY. As Warren Buffett prepares to put the finishing touches on his eagerly awaited annual letter to ... like the Burlington Northern Santa Fe railroad. Past performance is a poor indicator of future performance. 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. Months later, in an interview with Charlie Rose, the sage of Omaha admitted the price tag was steep. NEW YORK (CNNMoney.com) -- Warren Buffett's Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion. here ). Warren Buffett would lose billions in transport fees if the pipeline is completed. August 2007 besitzt Berkshire … They report depreciation and amortization, and they report only about 70% of the maintenance cap-ex. See how politics works? Mit dem Deal setzt Buffett … In buying Burlington Northern Santa Fe, Warren E. Buffett is hoping that the demand for shipping by train will remain strong or even grow. 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. OMAHA, Neb. Das Unternehmen gehört zum Berkshire Hathaway-Konzern von Warren Buffett. It has three transcontinental routes that provide rail connections between the … If you think the man has lost his touch, think again. Members Only. At $100/share we think he has lost his mind." ... “The holding company owns BNSF (formerly the Burlington Northern and Santa Fe Railway), a railroad with existing infrastructure capable of delivering oil and natural gas from North Dakota to oil terminals in the Midwest. BNSF essentially invented the business of carrying crude oil by rail when it launched its first long oil train in 2009. Or, if you are the investor Warren E. Buffett, … 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. 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! President-elect Donald Trump has vowed to Make America Great Again. Their profitability is much lower than it looks. ... including Burlington Northern. $ nicht einzeln auf, da wir damit fortfahren werden sie zu kaufen. In his annual letter to shareholders, Buffett calls attention to the railroad company's struggles with late shipments. 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, which would … The Warren Buffett-owned BNSF did so, argues AFPM, illegally and without the authority of the federal government. Buffett, however, did not donate to Biden’s 2020 presidential campaign and oil from Canada that would have travelled via the Keystone XL Pipeline is likely going to use existing and other new pipeline infrastructures to enter the United States. Warren Buffett to buy Burlington Northern Santa Fe Corp. Marketing Strategy. Since then, Buffett’s railroad stock investment is paying off nicely. A historic look (1982-2018) at the transportation prevalence of pipelines, marine vessels, rail and truck for oil transport is visible here . Rail shipments from North Dakota have surged from fewer than 100,000 barrels a day in 2010 to 800,000 barrels a day last … Warren Buffett … Warren Edward Buffett is an American businessperson who has been at the helm of 6 different companies. 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. Photograph: Nati Harnik/AP. Burlington Northern Santa Fe, LLC is the parent company of the BNSF Railway (formerly the Burlington Northern and Santa Fe Railway). Canada is the primary supplier of foreign oil to the United States. Burlington Northern Santa Fe, LLC is the parent company of the BNSF Railway (formerly the Burlington Northern and Santa Fe Railway). Berkshire Hathaway's stake in Burlington Northern Santa Fe is up to 19.83 percent, after Warren Buffett's holding company bought 3.3 million additional shares on Monday and Tuesday. For $50 or so, you can buy a Thomas the Tank Engine train set and feel as powerful as Sir Topham Hatt, the somewhat wooden overseer of the mythical North Western Railway Company. Conversely, Warren Buffett is sort of considered America’s Uncle. What Is in the GuruFocus Premium Membership? 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 … We looked back at when they did the merger with Santa Fe, because then they did increase margins. 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. False. Your selection and notes will be stored in your portfolio. All quotes delayed a minimum of 15 minutes. Our Railroad. I recall very clearly late in 2008 when my admiration for Warren Buffett as an investor reached even higher levels than ever before. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The posts say Buffett’s railroad “is now transporting all that oil” following the Keystone XL Pipeline’s cancellation. $26 billion was the cost for the equity Buffett didn't already own. As per Reuters reports and industry experts, the Keystone XL Pipeline’s cancellation does not appear to mean a lucrative jump in business for crude-by-rail that might benefit Berkshire Hathaway’s BNSF railway. Mr. Buffett’s Berkshire Hathaway Inc. owns Burlington Northern Santa Fe LLC, which is among the railroads that would transport oil produced in western Canada if … former Burlington - Rock Island Railroad In 1970, it merged with the Northern Pacific Railway and Great Northern to form the Burlington Northern Railroad The Burlington Northern Railroad Co. v. Woods, 480 U.S. 1 1987 was a United States Supreme Court case that applied the precedent of Hanna v. Plumer to a Burlington Northern Depot or Burlington Northern … 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. BNSF people are from all areas of the country and have a variety of skills. GuruFocus has detected 6 Warning Signs with Berkshire Hathaway Inc BRK.A. 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