Landing a whaleBuffet has mentioned many times over the years that his inability to land any whales has been the greatest source of frustration for BRK.
The last second cross today of US$0.86 billion represents about 8% of the total dollar value that BRK spent secretly accumulating IBM stock over a 7 month period in 2011.
If BRK does announce that they have been acquiring ENB shares next Monday, the deal stands to be more than double the size of BRK purchase of IBM shares ten years ago.
If indeed BRK is amassing ENB shares, the value of the shares will represent about 6x what BRK spent (in cash) on their outright purchase of Dominion Energy's gas pipeline assets a few months ago. When BRK announced the asset purchase from Dominion, it kick started the move back up in the share price of BRK and saw Dominion's share price drop.
The crosses have been taking place in the exact same way for the past seven months and amount to almost 700 million shares. And yet, there hasn't been one trading halt and not one word has been written or spoken about the situation in the media.
Unbelievable.