Is this Plains energy firm the same that Soros was reported investing money in? hhmmm
Opportunity knocks louder for some in California
Buying Plains Exploration & Production Company, George Soros Is Betting on Rising Oil Price
http://www.gurufocus.com/news.php?id=54449
(GuruFocus, May 5, 2009) Investment Guru George Soros bought 6.46 million shares of Plains Exploration & Production Company’s (PXP) common shares. The transaction occurred on April 21, 2009. The purchase price was $20.10 per share. This is a new holding for George Soros, according to GuruFocus data.
Looks like it:
From GuruFocus, May 5, 2009. "Investment Guru George Soros bought 6.46 million shares of Plains Exploration & Production Company’s (PXP) common shares. The transaction occurred on April 21, 2009. The purchase price was $20.10 per share. This is a new holding for George Soros, according to GuruFocus data."
Rest of article here:
Yes. Good catch. From StreetInsider.com:
May 4, 2009 9:54 AM EDT
In a 13G filing after the close Friday on Plains Exploration & Production (NYSE: PXP), George Soros’ hedge fund Soros Fund Mangement disclosed a 5.38%, or 6,467,400 share, stake in the company. The firm did not show a stake in PXP at the end of the quarter ended 12/31/08. A 13G indicates a “passive investment” over 5%.
Plains Exploration & Production Company engages in the acquisition, development, exploration, and production of oil and gas properties primarily in the United States.