Suncor Energy +3% as Berkshire takes stake

|About: Berkshire Hathaway Inc. (BRK.A)|By:, SA News Editor

Suncor Energy (NYSE:SU+2.8% after-hours as Berkshire Hathaway (BRK.A, BRK.B) discloses taking a 10.8M-share stake in the company, representing 0.7% of SU's total outstanding shares.

Red Hat (NYSE:RHT) only +0.3% after Berkshire also opened a new position in that company.

Buffett's firm also sharply cut its holdings in Phillips 66 (NYSE:PSX) by 22%, or 3.5M shares, and United Continental (NASDAQ:UAL) by 15%, or 4M shares, while trimming its Apple stake by ~1%, still holding nearly 250M shares.

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