George Soros adds to Energy Stock

Sunday, October 11, 2009

George Soros, the famous hedge-fund manager bought more stock of Petroleo Brasileiro SA and Potash Corp. of Saskatchewan Inc. in the fourth quarter, almost doubling its holdings.

Soros Fund Management LLC bought 16 million shares of Petrobras’ U.S.-traded stock, bringing its stake to 1.45 percent, according to a filing yesterday with the U.S. Securities and Exchange Commission. Petrobras and Potash are now the firm’s two biggest reported U.S. stocks.

George Soros is buying commodity related stocks. What we would like to know is his view on the futures oil prices. Is he buying oil through his futures brokers?


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