Works like this: George Soros bought into Pioneer Natural Resources.
Billionaire fund manager George Soros now owns 964,000 shares of Pioneer Natural Resources (NYSE: PXD), one of the biggest players in the Texas Permian Basin.
Soros’s stake is worth about $180 million.
Pioneer also has assets in the West Texas Spraberry Wolfcamp. The company estimates Wolfcamp holds 50 billion barrels of recoverable crude oil.