Liam Denning, Columnist

Buffett Isn't Buying Kinder Morgan's Meadow

He bailed on his pipeline investment at a disconcerting moment.

February 15, 2017 at 1:37 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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Warren Buffett appears to have lost sight of the sunlit meadow.

Almost exactly a year ago, Berkshire Hathaway Inc. sparked a rally in the beaten-down shares of Kinder Morgan Inc. by disclosing it had snapped up roughly 26 million of them in the fourth quarter of 2015.