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George Soros hits energy scene with new gusto
Posted By -NO AUTHOR- On 05/22/2013 @ 1:19 am In Money | No Comments
(OILPRICE) — What is New York billionaire-philanthropist George Soros spending his money on? New position in energy companies in Houston, Texas to the tune of $88.4 million in the first quarter of this year alone.
So far in Q1 2013, the New York-based Soros Fund Management LLC hedge fund has acquired an $8.4% stake in Apache Corp (APA), a $7.4 million stake in C&J Energy Services Inc. (CJES), a $6.5 million stake in Cameron International Corp (CAM), a $6.5 million stake in Cheniere Energy Inc. (LNG), a $16.7 million stake in Southwestern Energy co (SWN) and a $22.5 million stake in Ultra Petroleum Corp. (UPL).
Included in this impressive energy-holdings list, Soros also increased his stake in Halliburton Co. (HAL) to 820,200 shares (worth $33 million now).
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