Connect with us
Earlier this week, global investing icon George Soros revealed that he is the largest shareholder of Penn Virginia Corp. (PVA), an independent oil and gas company.

archive

Soros-Backed Driller Sees Shares Shoot up 22 Percent

Earlier this week, global investing icon George Soros revealed that he is the largest shareholder of Penn Virginia Corp. (PVA), an independent oil and gas company.

Soros-Backed Driller Sees Shares Shoot up 22 Percent (Bloomberg)

Earlier this week, global investing icon George Soros revealed that he is the largest shareholder of Penn Virginia Corp. (PVA), an independent oil and gas company with holdings in the lucrative Eagle Ford shale formation in Texas. But he also disclosed that he didn‚??t buy the Radnor, Pa.-based company as a long-term hold. Instead, he intends to discuss options for the company to sell itself with its board of directors, and perhaps even potential suitors. Industry analysts say that shares could command a 50 percent premium when sold. On this news alone, shares popped 22 percent. When Soros talks, investors generally listen. Will you?

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Advertisement
Advertisement

TRENDING NOW:

Buzzfeed Bashes 14-Yr-Old Trump Fan, Celebrates Kids in Drag.

TECH

‘Reaganesque’: Economist Tells CNBC Trump Could Shift Global Order In China Trade War

FOREIGN AFFAIRS

Al Jazeera: ‘Jews Exploit Holocaust’.

FOREIGN AFFAIRS

Salvini: ‘Extremists’ Are Those Who’ve Governed Europe in the Name of Finance, Multinationalism, Mass Migration.

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter