Monday, October 19, 2015

Paulson's stake in Whiting Petroleum doing better recently

Oil and gas company Whiting Petroleum has been hit hard by falling oil prices, and its price has fallen 38.9% year-to-date through market close Thursday. However, things have been going better for the stock as of late, and it has gained 18.4% over the past 30 days. Whiting Petroleum ticked higher last week, getting a boost from positive import data from China and a subsequent jump in oil.

Paulson has had a stake in Whiting Petroleum since 2013. This year, he has reduced his position slightly, but as of his latest 13F filing, he still owns 12.4 million shares worth $417.3 million.

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