Mad Hedge Fund Trader

Natural Gas, Coal Producer CDS Levels Diverge on Earnings

“What’s happening in shale gas is that in three years we’ve gone from a nine year reserve life to a hundred year reserve life,” said Steve Farris, CEO of independent oil and gas production and exploration company Apache (APA).

Fast Money: Who Will Be the First to Repay TARP Funds (2/27/09)

Here's a candidate. Bank of America’s (BAC) Ken Lewis says that he won’t resign until he pays back the $45 billion in TARP money he owes the government. So paying $50 billion for something that is really worth a negative $170 billion is a bad career move? That’s a revelation! I can see that secrecy is a concept that is forever banished from the investment community. CEO’s won’t be able to make an acquisition, nor fund managers raise a single nickel from here on, without a complete undressing, and a full proctologic exam!

Hedge Fund Portfolio Tracking: Soros Fund Management (George Soros), Q4 2008

Legendary investor George Soros has substantially increased his investment in Potash (POT) and Petrobras (PBR), two stocks I love. Potash is the Saskatchewan based world’s largest miner of potassium carbonate, which is in heavy demand for fertilizer from China. The stock is only just recovering from a melt down from $240 to $50. Petrobras is Brazil’s oil major, which has made a sting of offshore oil discoveries. PBR gives you a triple play on the recovery of crude prices, a long in the Brazilian currency, the Real, and the high growth rate of this emerging economy. All three offer great entry points right now. A classic “George” play.