Post by
dangerousjd on Sep 08, 2014 11:06am
George Soros makes a big move, people notice
George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the world’s largest shale oil and gas resources, and is about to get even larger following a new discovery over the last couple of weeks of a second key shale play...... In the meantime, Soros’ confidence helps override some negative incidents that had held back investment in Argentina’s shale, including the government’s 2012 expropriation of YPF, then owned by Spanish firm Repsol, and the government’s failure to make a July 30 bond payment, which has resulted in a standoff with a hedge fund over unpaid bills back to the last default in 2001.. According to the Financial Times, “Some of the world’s largest hedge funds have been snapping up Argentine stocks, betting on an economic recovery in the country even though it defaulted on its debt for the second time in 13 years.” And while the market has caught on to the ‘Soros Factor,’ it hasn’t yet caught on to the smaller companies that are positioned to benefit.. For oil and gas explorers both big and small, Argentina is back...I am happy to be invested in this gem of a company that is unnoticed in Argentina...
Comment by
Kevin987 on Sep 10, 2014 2:19am
Can you clarify? When I read the words, STATE OWNED, it means a company owned by the state or country. Then I read, George Soros doubled his stake in the STATE OWNED Company, it just doesn't make any sense to me. Are you saying private investors can invest in STATE OWNED Companies?
Comment by
2j3kl on Sep 10, 2014 7:51am
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