2 Stocks Warren Buffett May Buy Next

After almost 4.5 years of waiting, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett finally pulled the trigger on an acquisition a little over one week ago.

With Berkshire Hathaway sitting on an all-time record $137 billion in cash, cash equivalents, and marketable securities as of the end of the first quarter, Buffett's company announced a $9.7 billion deal to acquire natural gas transmission and storage assets from Dominion Energy (NYSE: D). The deal values the more than 7,700 miles of interstate pipeline being acquired from Dominion at $4 billion, but also includes about $5.7 billion in debt.

For Buffett, a deal like this makes a lot of sense. It increases Berkshire Hathaway Energy's market share of interstate natural gas transport to 18% from 8%, and it provides Buffett with a veritable cash cow as a middleman in the natural gas industry. For Dominion, it allows the company to focus almost entirely on its utility assets going forward.

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Source Fool.com