Posted on 05/14/2009 7:24:06 AM PDT by mnehring
FORMER HIGHFLYER Plains Exploration & Production (ticker: PXP) is one stock that has run out of gas as energy prices pulled back. However, the oil and natural-gas exploration company has a new investor in billionaire George Soros who has scooped up nearly 6.5 million of the downtrodden shares in 2009.
On May 4 Soros's fund, Soros Fund Management, disclosed it now owns 6,467,400 million shares, or a 5.4% stake in the Houston-based Plains Exploration. Soros' hedge fund did not show any stock holdings as of Dec. 31, 2008, meaning the shares were purchased at some point in the last four months.
(Excerpt) Read more at online.barrons.com ...
The Royal Scam continues. The MSM ignores.
Perhaps he knows- or is willing to bet- that with the cap n trade legislation liberals are determined to pass one way or another- energy prices are going to skyrocket?
I thought U.S. Presidents weren’t allowed to do this... oh, wait... that applies to “elected” U.S. Presidents. Puppetmasters like Soros scoff at rules.
That was one of my guesses, or he is aware of exploration rights being granted (maybe a trade off with a State or congressmen who vote for Cap and Trade?)
“The MSM ignores.”
Actually the MSM aids and abets.
Is this the T. Boone Pickens vehicle that Pelosi has her fingers in?
Your’s is a more sophisticated guess than mine ;) But we can be assured he does know something and he’s betting with knowledge.
Follow the money. Soros’ investments will point to our country’s official policies in short order.
Has a Teapot Dome Scandal scent to it...
Sounds like insider trading to me . . . Call the Feds!!!
(sarc)
There is absolutely no point in reporters asking Obama or Emanuel where they are taking the county. They should just aks Soros his opinion instead. It is likely to be far more timely and accurate.
The Royal Scam. One of my all time favorite albums.
PXP is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas in its core areas of operation: California, Texas, Louisiana and Gulf of Mexico.
Safe to say that Soros thinks O'Bammy is gonna flip on domestic drilling (everyone knows that prices are gonna rise). If he did we would see huge immediate economic gains (flow of capital and employment) from that effort.
Chances are that someone has shown our big-eared Prez that it can now be done cleanly and safely.
The album holds a special memory for me as I first heard "Don't Take Me Alive" at a Mall when I took a sick day to spend with my late 28 y/o wife who was dying of breast cancer. Great album but with bittersweet memories...
I dunno could be... but if you look back through history (specifically during the FDR years) there were three main areas that the government wanted to target: monetary control, energy and taxation b/c these are the three sources of revenue whose control can enlarge the public sector... this is exactly what the dems are shooting for right now. If Soros knows anything (and I am sure he does as I believe he is the puppeteer) it is that energy prices are getting ready to skyrocket in light of all of the current government manipulation in the energy markets right now and he stands to make a few bucks(/sarc) off of the backs of the average American citizen (and citizens of many other countries). Like I said last year... if you thought $4/gallon for gas was high....just wait until Obama gets elected with a democratically controlled congress and the late ‘70’s are gonna look like a walk in the park..... DON’T forget people this is all about CONTROL...and they are going for the touchdown. MARK MY WORDS.... they will try their damnedest to put the skyrocketing energy prices on the backs of the EEEEVVVVVIIIILLLLL republicans and BUSH/CHENEY. We, as conservatives, better come together now and hone in our messages and get out the grassroots campaign to make sure they fail and fail miserably....it starts in your own backyards...........
This makes a lot of sense without all the conspiracy talk. The price of nat gas is low ($4.25 compared to $11 a year ago), drilling for more nat gas has declined significantly because of the price decline, Obama is going to kill the coal industry and there is a chance that some form of cap and trade tax passes which gives nat gas an advantage vs coal or oil. Sounds like a pretty smart buy. Despite his wacky political activities, Soros has compiled an amazing investment track record.
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