Posted on 06/19/2010 12:21:12 AM PDT by wac3rd
Billionaire investor George Soros on Tuesday reported that during the fourth quarter he increased his already considerable stakes in Brazilian state-controlled oil company Petroleo Brasileiro S.A. /quotes/comstock/13*!pbr/quotes/nls/pbr (PBR 38.29, +0.05, +0.13%) and Potash Corp. of Saskatchewan Inc. /quotes/comstock/13*!pot/quotes/nls/pot (POT 99.36, -1.25, -1.24%) .
Soros, through his Soros Fund Management LLC, reported holding 36.8 million American depositary receipts of the Brazilian oil company known as Petrobras as of Dec. 31 - a holding valued at about $900 million at the time. Soros held 21.2 million ADRs at Sept. 30, according to his disclosure filed with the Securities and Exchange Commission.
Soros also reported holding $434 million in Potash shares as of Dec. 31 - a total of about 5.9 million shares. He reported holding 3.3 million Potash shares as of Sept. 30.
Petrobras and Potash were the two largest stakes reported by the Soros fund as of Dec. 30
(Excerpt) Read more at marketwatch.com ...
We are lending money for Brazil to drill (old news) “
If we are lending we will get it back, Brasil has found lots and lots of oil. Lets look at it this, China would have loved to do that
I’m sure he’s a nice guy., to your face
Lend is a misused word in these cases. It usually amounts to a grant, but they call it a loan to make it more palatable. Of course, the rigs freed up in the Gulf are now on the way to make Soros’ investment pan out.
Wouldn’t it be funny if he died by a lightening strike?
I see this as trying to stop China from giving it to them. So we borrow from China and give it to them :)
http://www.csl.army.mil/usacsl/publications/CCS1_09_ChinasPursuitofAfricasNaturalResources.pdf
Petrobas can be bought by anyone in the stock market. http://uk.finance.yahoo.com/q?s=PETR3.SA
when we give money to brazil... it’s really chinese money... we have none, we’re broke.
Never let a crisis go to waste. Soros has recovered more than his investment in the Manchurian candidate.
2. BP well blows out, Obama declares moratorium on new drilling in Gulf
3. Obama makes little effort to stop oil leak or change drilling rules for 2 months.
4. Rigs begin to move to Brazil.....
Watta coincidence (/snix). George Soros, has a $900M stake in Petrobras
(Brazilian Big Oil). US taxpayers will never see that $2B "loan" again.
Candidate Obama at fund-raiser April 9, 2007.
George Soros is seated to the right. (Photo: Michael Edwards)
He would be a fool not to increase his stake.
he has US money drilling the well, His Buddy Obama is sending him oil rigs that are,t being used in the Gulf, and the price is bound to go up to help pay to stop the leak.
5. The bigger the oil spill the better chanch Obama has to CHANGE energy laws.
That looks like a doctored pix.
A panorama pic——probably several pics realigned-—then rephotographed.
China did do that.
The China Development Bank loaned 10 billion to the project. Additionally, the Brazil Dev Bank loaned 14.5 billion and international banks loaned 5.5 billion.
Somebody please tell me, if Obama had the US ExIm bank loan the money to benefit Soros, did these other sources loan much larger amounts to benefit Soros?
Memo to George “The Orc” Soros: Enjoy it while you can, buddy. There’s no U-Haul behind a hearse.
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