Updated Nov 8th 2013 10:24AM
Warren Buffett doesn't take investment decisions lightly. If he is buying something, then the company probably has a very optimistic long term outlook that may be overlooked. So far this year, Mr. Buffett's Berkshire Hathaway has made 2 major pickups in the energy space: National Oilwell Varco , Suncor . Also, Berkshire subsidiary Mid-American Energy will be closing an acquisition for NV Energy this quarter. So what makes these companies so special that they get the Warren Buffett stamp of approval? Let's take a look at these three companies and see what gives them that secret sauce.
NV Energy, more than meets the eye
Unless you pay a utility bill in Nevada, or you are a Warren Buffet
superfan that follows every move, you may not have heard much about NV
energy. Then again, the regulated utility for Nevada -- the state that
ranks 40th in terms of power consumed per capita -- is not exactly a
company that is going to entice lots of investor excitement. But, as a
regulated utility, it is a pretty stable business that generates
relatively predictable cash flows. Can you think of a more boring
investment? Probably not.Read More @ Dailyfinance
