BNSF says it can handle more crude-by-rail shipments if Dakota pipeline is shut Reuters 1 day ago
By Devika Krishna Kumar and Stephanie Kelly
NEW YORK, April 30 (Reuters) - BNSF, the railroad unit of Warren Buffett s Berkshire Hathaway Inc, is prepared to handle any increase in rail traffic if the Dakota Access oil pipeline (DAPL) is shut due to an ongoing legal dispute, the company told Reuters.
The operators of the 570,000 barrel-per-day line, led by Energy Transfer LP, have been locked in a battle to keep the line open after a federal judge last year scrapped a key permit and ordered an environmental review of the line. A U.S. District Court could issue a ruling as early as May on whether the line can stay open during the review.
FACTBOX-Warren Buffett, Berkshire Hathaway at a glance
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Let’s take a look at how investors can add exposure to the psychedelics sector and add into their portfolio without having to purchase multiple companies and actively manage their portfolio.
Invest in a Psychedelics ETF
Exchange-traded funds, or ETFs, are one of the easiest ways for investors to build exposure to different corners of the market into their portfolios. They provide instant diversification to a particular theme with exposure to many different stocks in a single security. At the same time, passive ETFs are typically less expensive to own than actively managed mutual funds.
The Horizons Psychedelic Stock Index ETF became the first exchange-traded fund in Canada to focus on psychedelics with its launch in January. With exposure to 23 publicly traded psychedelics companies, a single share of the ETF provides broad exposure to the entire psychedelics industry with a modest 0.85% expense ratio.
Article content
Let’s take a look at how investors can add exposure to the psychedelics sector and add into their portfolio without having to purchase multiple companies and actively manage their portfolio.
Invest in a Psychedelics ETF
Exchange-traded funds, or ETFs, are one of the easiest ways for investors to build exposure to different corners of the market into their portfolios. They provide instant diversification to a particular theme with exposure to many different stocks in a single security. At the same time, passive ETFs are typically less expensive to own than actively managed mutual funds.
The Horizons Psychedelic Stock Index ETF became the first exchange-traded fund in Canada to focus on psychedelics with its launch in January. With exposure to 23 publicly traded psychedelics companies, a single share of the ETF provides broad exposure to the entire psychedelics industry with a modest 0.85% expense ratio.
Power plant developer pitches rival plan to Warren Buffett’s Texas grid rescue
Starwood Energy says it would construct 11 natural gas plants that could be used by the Texas grid operator when power supplies get tight.
The reliability of the Texas grid was called into question by the brutal February winter storm.(David J. Phillip)
Starwood Energy, a power plant developer, is pitching an $8 billion plan to build natural gas plants for emergency use on the Texas grid, rivaling a proposal from Warren Buffett’s Berkshire Hathaway Inc.
Starwood would construct 11 natural gas plants that could be used by the Texas grid operator when power supplies get tight, according to a proposal sent in a letter Friday to the Electric Reliability Council of Texas and the Public Utility Commission of Texas.
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