Posted AT 6:00 AM EST on 21/08/08
The oil sands and the Buffett Effect
Warren Buffett has cash. Oil sands producers need it – tens of billions of dollars. Is this a match made in heaven, or what?
Every investor in Calgary, in Canada, in the world, would like to know, because when The Oracle decides to place his chips somewhere, others will soon be lining up behind him, chequebooks in hand. This is the downside of being the world's richest man. Every twitch and grunt and rumour is dissected and analyzed.
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