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George Soros makes huge bet on oil & gas co.
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Tuesday, May 05, 2009
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From Market Folly:

George Soros' hedge fund Soros Fund Management has disclosed a new position in Plains Exploration (PXP). In a 13G filed with the SEC, Soros Fund Management now shows a 5.38% ownership stake in PXP due to activity on April 21st, 2009. They now own 6,467,400 shares. Again, this is a new holding for Soros Fund Management, as they previously did not hold it when we last looked at Soros' portfolio.

Their last disclosure unveiled positions held as of December 31st, 2008. PXP was nowhere to be found on that filing, but it will obviously be present on the next round of disclosures. Soros' next 13F filing disclosing his entire long portfolio will be available in the next two weeks or so...

Read full article...

More on Soros and oil:

Legendary speculator goes super long Petrobras and Potash

This could sow the seeds of a major oil spike

BIG bullish sign for oil services...

Topics: George Soros | Energy | Commodities
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