Pioneer Natural Resources (PXD), Energen Corporation (EGN): George Soros’ 5 Favorite Energy Investments

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Southwestern Energy Company (NYSE:SWN) is a new position in the hedge fund managed by George Soros. The fund disclosed a $16.7 million position. Southwestern had a strong first quarter posting an annual increase in production of 11% to 147.8 BCFE, and earnings of $0.36 per share versus a 30-cent EPS one year ago represents solid growth. The natural gas and oil E&P recently announced the purchase of some 162,000 net acres in the Marcellus Shale from Chesapeake Energy Corporation (NYSE:CHK) for $93 million, and Wall Street’s high price targets represent another +30% upside from current levels.

Final thoughts

George Soros has his billions invested in an array of publicly traded companies, and as of the first quarter, but energy is one space that all investors should monitor. From Southwestern’s steady growth to Pioneer Natural Resources (NYSE:PXD)’s joint venture, there are plenty of good bets in the mega-managers 13F, and Halliburton, Plains Exploration & Production Company (NYSE:PXP) and Energen Corporation (NYSE:EGN) are worth watching as well. Continue reading about hedge fund piggybacking strategies.

Disclosure: none

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