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InterOil rumor

February 16th, 2011 · 3 Comments

Although we cannot guarantee its accuracy, we’ve understood from otherwise reliable sources that Capital Research is “far from done” buying InterOil shares. At the end of last quarter (12/31) they had acquired just shy of 3M shares, or a 6.39% stake in InterOil (see here for a nice overview of the major holders).

That nice little overview shows that the company seems to have a rather loyal and patient investor base, with many large holders increasing their stake, most notably George Soros.

Tags: IOC · Rumors

3 responses so far ↓

  • 1 TJ // Feb 16, 2011 at 3:58 am

    Keep the good news (even if it’s just a rumor) coming…I think they have to file a 13d if they manage to acquire more than 10% of the common. Soros had to file one of those back in early November. Need to keep an eye out for that filing.

  • 2 kencooksam // Feb 16, 2011 at 5:22 am

    Makes sense

  • 3 Andrew // Feb 16, 2011 at 6:17 pm

    I believe that is 5%ownership that requires a filing ( or at least it used to be ). Thank you for your fine work.