Wednesday, March 30, 2011

Big name on register of Red Fork Energy

At the start of March I posted about following the big boys and their investment decisions.  One of the stocks that cracked a mention was Red Fork Energy (RFE).  At the time of posting the share price was at $0.405 and weakening.

It now appears that the others are catching on to the likes of BHP Billiton (BHP) and the potential of shale gas in the US.  George Soros, the billionaire investor, has taken a slice of Red Fork Energy through his investment fund.  After the news the stock surged as high as $0.52 on the 25th of March and trading volumes over the last few weeks have been excellent.

Definitely a stock to keep an eye on.

Further details on the investment made by George Soros can be found at this link.

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