Berkshire Hathaway Makes Investment In North American Oil Production As Oil Sinks

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Mani
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Berkshire Hathaway B shares Warren Buffett

Is Warren Buffett diving deeper into the North American oil market, adding to his exposure, when blood is on the street and the price of oil is making lows not witnessed since 2009? Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s Lubrizol Corporation, a manufacturer of lubricant additives for engine oils, driveline and other transportation-related fluids and industrial lubricants, announced the purchase of Weatherford International Plc (NYSE:WFT)’s oilfield chemicals business, known as Engineered Chemistry and its drilling fluids business, Integrity Industries. The deal represents a play on North American oil drilling at a sensitive time when the opening of new North American oil…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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