Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRK.A)/(BRK.B), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would acquire the rest for a total value of $34 billion. Buffet agreed to pay $100 a share in cash and stock to buy the rest of the company. The $8 billion loan that will be provided by JPMorgan Chase (JPM) and Wells Fargo (WFC) is intended to be paid back in three years’ time. For Berkshire, the acquisition of Burlington Northern, or BNSF, the second largest railroad, will be its biggest to date. With it, Berkshire is adding a railroad transportation business with its already diverse range of businesses including retail, manufacturing and insurance, as well ...

Warren Buffett's Berkshire Hathaway (BRK.A) said on Tuesday that it is acquiring Burlington Northern Santa Fe Corp (BNI) for $44 billion. This is the biggest acquisition ever for Berkshire Hathaway. With this acquisition, Berkshire Hathaway is adding the railroad transportation business to its already diverse range of businesses including retail sales, insurance and financials, newspaper publishing, manufacturing, business services and several regional electric and gas utilities. Berkshire Hathaway, which already owns 22.0% stake in Burlington Northern, has offered $100 per share in cash and stock for the remaining portion of the holding. The transaction which is contingent on approval by two-thirds of Burlington’s outstanding shareholders is expected to close by first quarter of 2010. Burlington Northern will continue operating from its Fort Worth, TX headquarters. Berkshire Hathaway also announced that its Class B common share (BRK.B) will be split off into 50 ...

Quicksilver Resources Inc. (KWK) recently announced that its bank group has confirmed a borrowing base of $1 billion for the company's senior secured revolving credit facility, based upon oil and gas reserves as of Aug 31, 2009.   The company has $500 million drawn under the credit facility and believes that the approval of $1 billion borrowing base provides enough financial flexibility for the development of its high-growth resource base. The company expects to achieve double-digit production growth in 2010 while evaluating opportunities for its Horn River project in northeast British Columbia.   Quicksilver has the option to increase the credit facility up to $1.45 billion, subject to lender consents and additional commitments. The company can extend the maturity of the credit facility, which matures February 2012, up to two additional years with consenting lenders.   The company said that JPMorgan Chase Bank, N.A. led the group of ...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Tuesday October 13, 2009

DrStockPick.com Stock Report!

**************************************************************

Allegheny Energy, Inc. (NYSE: AYE) will disclose its financial results for the third quarter of 2009 in a news release to be issued before the New York Stock Exchange opens on Thursday, October 29, 2009.

UAL Corporation (Nasdaq: UAUA), the holding company whose primary subsidiary is United Airlines, announced today that the company will release its third quarter 2009 financial results on Tuesday, Oct. 20, 2009, and hold its financial conference call that day at 2 p.m. EDT.

...

Earlier today, Texas-based energy producer Cano Petroleum Inc. (CFW) announced its merger with independent oil and gas development and production company Resaca Exploitation Inc. in a tax-free stock-for-stock deal. The merged entity will operate under the Resaca name. The transaction is currently awaiting regulatory and shareholder approval and is expected to close within three to five months. The current stockholders of Cano will own approximately 50% of the combined company, with Resaca shareholders owning the rest.  Under the terms of the agreement, Cano investors will exchange each of their shares for 2.1 shares of Resaca common stock. Based on Resaca’s pre-announcement closing price, the deal implies total consideration to Cano shareholders of $76 million or $1.67 per Cano share and $3.34 per proved barrel of oil equivalent. The merged entity will have its corporate offices in Houston, where Resaca is currently located (Cano is headquartered in Fort

...

Earlier today, Texas-based energy producer Cano Petroleum Inc. (CFW) announced its merger with independent oil and gas development and production company Resaca Exploitation Inc. in a tax-free stock-for-stock deal. The merged entity will operate under the Resaca name. The transaction is currently awaiting regulatory and shareholder approval and is expected to close within three to five months. The current stockholders of Cano will own approximately 50% of the combined company, with Resaca shareholders owning the rest.  Under the terms of the agreement, Cano investors will exchange each of their shares for 2.1 shares of Resaca common stock. Based on Resaca’s pre-announcement closing price, the deal implies total consideration to Cano shareholders of $76 million or $1.67 per Cano share and $3.34 per proved barrel of oil equivalent. The merged entity will have its corporate offices in Houston, where Resaca is currently located (Cano is headquartered in Fort

...

Earlier today, Texas-based energy producer Cano Petroleum Inc. (CFW) announced its merger with independent oil and gas development and production company Resaca Exploitation Inc. in a tax-free stock-for-stock deal. The merged entity will operate under the Resaca name. The transaction is currently awaiting regulatory and shareholder approval and is expected to close within three to five months. The current stockholders of Cano will own approximately 50% of the combined company, with Resaca shareholders owning the rest.  Under the terms of the agreement, Cano investors will exchange each of their shares for 2.1 shares of Resaca common stock. Based on Resaca’s pre-announcement closing price, the deal implies total consideration to Cano shareholders of $76 million or $1.67 per Cano share and $3.34 per proved barrel of oil equivalent. The merged entity will have its corporate offices in Houston, where Resaca is currently located (Cano is headquartered in Fort

...

General Electric Co. (GE) and Rolls-Royce Group are gathering support for the second F-35 engine program, which Defense Secretary Robert Gates and President Barack Obama have singled out as unnecessary in the tightening credit environment. Representatives of the two companies met top Pentagon officials recently to offer a fixed-price package on about 100 low-rate production engines for the F-35 fighter.

The deal would cover low-rate production engines to be built from 2012 to 2015. Without F-35, GE would be out of the large fighter-aircraft engine business. Gates recently reiterated his opposition in Fort Worth, Texas, where Lockheed Martin Corp. (LMT) builds the F-35. Lawmakers backing the program are of the view that continuing work on a second engine will stimulate competition and lower costs on the massive $300 billion fighter program in the long run.

United Technologies Corp.’s (UTX) Pratt & Whitney unit has seen the

...

NWMT, NewMarket Technology Inc, NWMT.PK

DrStockPick Week’s Hot Stock Alert!

 

DrStockPick Week’s Hot Stock Alert!

 

Saturday August 22, 2009

DrStockPick Week’s Hot Stock Alert! is for:

**************************************************************

NWMT, NewMarket Technology Inc, NWMT.PK

NWMT has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations.

NWMT provides certified integration and maintenance services to support the prevailing industry standard solutions. Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard

...

NWMT, NewMarket Technology Inc, NWMT.PK

SPNG, SpongeTech Delivery Systems Inc, SPNG.OB

DrStockPick Watch List!

 

DrStockPick Watch List! for Friday August 21, 2009

 

My Picks for Friday August 21, 2009 are:

**************************************************************

NWMT, NewMarket Technology Inc, NWMT.PK

NWMT has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations.

NWMT provides certified integration and maintenance services to support the prevailing industry standard solutions. Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the

...