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Berkshire Hathaway picks up shares of pipeline operator

Published Wed, Feb 17, 2016 · 09:50 PM
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New York

WARREN Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new investment in pipeline operator Kinder Morgan Inc, boosting its bet on the oil industry even as crude prices hover near 12-year lows.

Berkshire owned about 26.53 million Kinder Morgan shares worth roughly US$395.9 million at year end, according to a US Securities and Exchange Commission filing detailing its US-listed stock investments.

Shares of Kinder Morgan rallied in after-hours trading, rising US$1.08, …

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