George Sorosmust be very bullish on stocks, he bought a lot, espeically oil. He was already heavily invested in energy stocks, and he bought more. Petroleo Brasileiro alone is accounted for more than 22% of his fund. Soros Fund Management LLC. George Sorosowns 211 stocks with a total value of $2.6 billion as of 06/30/2009. These are the details of the buys and sells.
Petroleo Brasileiro SA-Petrobras is an integrated oil and gas company. During the year ended December 31, 2008, the Company’s average domestic daily hydrocarbons production was 2,176 thousand barrels of oil equivalent per day (mboe/d). Approximately 84% of its proved reserves are in fields in the offshore Campos Basin. The Company operates the refining capacity in Brazil.
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On August 18, 2009, The Wall Street Journal reports that Obama has underwritten a loan for offshore oil drilling to Pertobras...Interesting...
