Buffett's silence on certain sectors speaks volumes, says Bill Smead

Bill Smead, chief investment officer at Smead Capital Management, joins 'The Exchange' to discuss energy names to watch, Warren Buffett's equity approach, and the potential for mega mergers in the energy space. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
» Subscribe to CNBC TV: cnb.cx/Subscri...
» Subscribe to CNBC: cnb.cx/Subscri...
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/Instagr...
www.cnbc.com/s...
#CNBC
#CNBCTV

[@christiandelapena8623]

Oxy is a "cigar-butt" acquisition, similar to his acquisition of Berkshire decades ago.

[@jonasscheuer7639]

oxy is everything but a cigar butt

[@Gogalen789]

Tons of cash sitting on the sidelines. Mountains of cash. Gotta dust it off every now and then.

[@hotrod3769]

Have to think Buffett will add to Bank of America.

[@commanderrussels2612]

sneed