The Street recently reported on a major financial move from billionaire George Soros in the energy market. George recently sold all his shares of Chevron, NRG and Chesapeake Energy in a move that shocked the business world. People are watching George every day, and his moves are carefully-scrutinized by everyone in the business world today. This article explains what George may know that other investors do not know.
#1: George Is Averse To Risk
George Soros is averse to risk, and he does not allow his money to go to waste for even a second. The wisest investors are selling stocks that they do not find to be cost-effective, and George sold off his shares of these three energy companies because he sees little potential in them. There is not an official statement coming from George’s offices, and he likely plans a new investment strategy involving the energy industry.
#2: George Is A Shrewd Businessman
George is a shrewd businessman who understands how to produce profits from investments. He made a billion dollars in one day by speculating on the British pound, and he has invested his billions around the world to great effect. His portfolio spans the globe, and he is one of the most-respected investors in the world today. Anyone who wants to learn about investment may watch George to learn lessons about business.
#3: Energy Prices Are Still Falling
Energy prices are still falling after oil values began to fall over a year ago. George watched the oil prices around the world drop, and he chose to make a move in the energy sector directly related to poor oil futures. Oil prices are dropping around the world at rates that impacting other industries, and the energy industry will continue to lose money as oil prices remain low.
#4: George’s Possible New Strategy
George may plan to purchase his shares of NRG, Chevron and Chesapeake Energy at a lower price in the future, and his plan will help him grow the stocks when they begin to rise in price in the future. Oil prices could rise if OPEC nations choose to slow production, and oil prices will help lift the rest of the world economy. George knows how the world economy fluctuates, and he plans to wait for a new rising tide.
The Street reported recent sales of millions of dollars in shares of three large energy companies by George Soros indicates a new investment strategy from his portfolio. Anyone who wants to invest wisely must take a look at the way George is spending his money, and someone who is planning to invest in the energy market must have a look at George’s strategy. Prices may not recover for some time after this sale.