July 5, 2020

As of Sunday evening, U.S. stock futures suggest that Monday will be another positive day for stocks. That despite the virus situation.

On Friday, the S&P 500 was up 0.5% while Toronto was down 0.2%.

CRH Medical was up 9%.

Over the weekend Berkshire Hathaway’s Energy subsidiary announced it will acquire Dominion Energy’s Gas Transmission and Storage business. Apparently the deal is worth about $10 billion. Interestingly the press release was on Berkshire Hathaway Energy and not on the main Berkshire Hathaway site. It seems that $10 billion is not all that material to Berkshire Hathaway at the parent level. The assets to be acquired include a 25% share in one of only six LNG export / import plants in the U.S. Buffett, age 89, was quoted in the press release. He apparently does not take weekends off when there is a big deal in the works. 

Scroll to Top