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Soros signals Argentina’s
shale is biggest place to be

MercoPress [Montevideo, Uruguay], by Staff

Original Article

Posted By:PageTurner, 9/3/2014 7:08:20 PM

One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both super-majors and smaller players making big waves in the heart of new discovery areas. 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

Comments:
Next time Soros calls for a halt in Gulf drilling, know that this is what he is thinking of.

When Cretina and her communist government expropriate his holdings, I won´t exactly cry.

      


Post Reply  

Reply 1 - Posted by: shamus, 9/3/2014 7:30:22 PM     (No. 9992555)

Soros is the kind of guy who partners with socialist thugs.

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Reply 2 - Posted by: steph_gray, 9/3/2014 8:09:08 PM     (No. 9992598)

September 2 happens to be the date on which Francisco D´Anconia blew up his copper mines in South America in Rand´s famous novel. They had been nationalized, of course. How fitting...

Maybe give it a year before some communist tinpot decides to confiscate this Soros "investment."

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Reply 3 - Posted by: oh-heck, 9/3/2014 8:20:33 PM     (No. 9992609)

Soros is an equal opportunity leech. He sucked Brazil dry and has now moved on to Argentina. Wonder how many will follow his lead only to find the host is barely still ambulatory.

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Reply 4 - Posted by: altoona, 9/3/2014 8:26:16 PM     (No. 9992624)

The US government had a part in financing this in O´s first term. We all should be very proud.

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Reply 5 - Posted by: agrunt, 9/3/2014 10:34:58 PM     (No. 9992750)

Unless the government changes it will only make the ultra rich richer. I can see why soros likes it.

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