DISQUS

Market Folly: George Soros Starts New Position in Plains Exploration (PXP)

  • PeterD · 7 months ago
    The upstream part of the oil business, i.e., exploration and production, is the most profitable. No risk, no gain.

    ~Peter

    P.S. PXP is up 6% this morning. Soros's other main holding POT (along with all other potash stocks) is also up 6% this morning.

    P.P.S. The greenback continues to decline in value against the Canadian dollar.
  • whs806 · 7 months ago
    GS must not think much of Obam's energy plan or he would be selling OIL and COAL. Strange how that works!
  • marketfolly · 7 months ago
    Interesting indeed. Keep in mind that we'll be covering Soros' portfolio in its entirety here when it is released in 2 weeks or so. Then we'll really get to see what he has done with his energy plays.