Opinion on
Canadian Natural Resources Ltd. (CNQ)
Sector:Energy
>
Industry:Oil & Gas Operations
The bull case: if two of the richest men in the world are interested enough to trek to northeastern Alberta, there just might be some money to be made by investing in what they went to see.
Today's stock selection: (NYSE: CNQ) Inspred by: Even so, investors have learned from experience that it can pay off to pay attention to what Buffett is doing and where he's going. CNBC
Oilsands Stock Soars After Warren Buffett and Bill Gates Visit Alberta Project
Warren Buffett and Bill Gates sparked some speculation and discussion with their visit to Canada's oilsands region, but there's no hard evidence that they have actually invested, or will invest, in the energy source that some see as an alternative to U.S. reliance on Middle Eastern oil.
Last night (Tuesday), a newspaper in Calgary first revealed on its website that Buffett and Gates had made a "quiet" visit to the Horizon oilsands project in Alberta that's being developed by Canadian Natural Resources. That news was quickly picked up by CNBC.com , along with some big newspapers and wire services .
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