Posted on 06/30/2014 5:42:08 AM PDT by mgist
The oil industry needs to sue Obama and George Soros for Corruption and Collusion.
Obama's biggest individual political campaign donor, George Soros, was reported to be desperately buying up energy companies such as Pioneer Natural Resources, which were reflected in his 1st quarter filings for 2014. The filings for 2014 first 1st quarter were notably large and focused, even for Soros. They were focused in the Energy sector, specifically those associated with the Eagle Ford Basin location.
In June 2014, for example, it was reported, "Both Soros’ top stock and the stock of which he is buying the most is Pioneer Natural Resources Company (PXD). The company’s near 10-year high price Friday of $144.73 gives him a 42% average gain." http://www.forbes.com/sites/gurufocus/2013/06/24/the-stocks-george-soros-keeps-buying/
‘However, when Soros -- with a net worth of $25 billion -- decides to become a company's largest shareholder and assume an activist role, he should not be taken lightly.”
On June 11, another article in Nasdaq titled, “Soros Has Big Plans for this Company”, reported that Soros also became became Penn Virginia’s largest shareholder, making him an “activist shareholder”.
“Over the years, Penn Virginia has shifted from being a pure natural gas company to one focused on oil and higher-value natural gas liquids. The company remains one of the best-positioned companies in the Eagle Ford shale formation in South Texas.”
“Soros became Penn Virginia's largest shareholder in the first quarter of this year after disclosing a position of just over 9% in the company.” http://www.nasdaq.com/article/soros-has-big-plans-for-this-energy-stock-cm360807#ixzz367fqxjcG
Again in June 2014, it was reported that "Soros last 13F filing, Soros Fund Management, revealed a major new position in Devon Energy (NYSE: DVN ), an independent oil and gas producer, from its opportunity in south Texas' Eagle Ford shale. The position was initiated in the first quarter and accounted for about 0.50% of the fund's portfolio as of the end of the first quarter."
Later in June 2014 the Obama administration, which has a disturbing history of benefitting Soros’ energy investments, quietly announces there would be an oil export ban lift for the benefit of only 2 companies, Pioneer Natural Resources Co. (NYSE: PXD) & Enterprise Products Partners LP. "Both requested the exports from production at tight/shale oil plays in the Eagle Ford basin of South Texas".
The Fed’s dubious decision happens to directly benefit Soros’ largest and recent MILLION $ investments in Pioneer, Penn, and Devon Energy, and who know what else, all from the Eagle Ford Basin area.
Other than this act to benefit Soros with what could amount to BILLIONS$, Obama has acted to the detriment of US Energy independence whenever possible. This was collusion and corruption.
They need to be taken to court if they maintain this exclusive policy, and refuse to allow a fair and open market.
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