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Biggest Loser From Mariner Explosion: With 10 Million Shares, John Paulson

Tyler Durden's picture




 

Below are the biggest holders of Mariner Energy stock. #1, with 10 million shares, is John Paulson who has bought the stock as part of a merger arb strategy with Apache. Other in the top 5 include Vanguard, Fidelity, Prudential, GMT Capital.

 

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Thu, 09/02/2010 - 12:15 | 559751 etrader
etrader's picture

Paulson headlines =  Gold HFT on the  headline scanner algos.

Thu, 09/02/2010 - 12:19 | 559784 Turd Ferguson
Turd Ferguson's picture

Exactly! I saw that, too. Quick $5 selloff.

"Paulson will have to sell his gold to cover his losses!" What a crock.

Thu, 09/02/2010 - 12:27 | 559802 egdeh orez
egdeh orez's picture

relative to the size of Paulson's portfolio, the loss today is peanuts.

Thu, 09/02/2010 - 12:35 | 559825 Tarheel
Tarheel's picture

i agree. Paulson does not get margin calls

Thu, 09/02/2010 - 12:13 | 559765 whatsinaname
whatsinaname's picture

not losing much though. somebody rescued the stock ?

Thu, 09/02/2010 - 12:17 | 559769 Ragnarok
Ragnarok's picture

Honestly this is a different beast from the BP explosion/blowout, we need more information.  Plus it is in much more shallow water.

 

Also, everyone is still fully mobilized from the BP disaster.

Thu, 09/02/2010 - 12:27 | 559803 Ripped Chunk
Ripped Chunk's picture

Great news! It's in shallower water!

So does that mean we can still see it when they throw all that poisonous crap on it to sink it to the bottom???? (and the amazing oil eating microbes start feasting on it!)

 

Thu, 09/02/2010 - 12:41 | 559844 Augustus
Augustus's picture

You simply don't know what you are writing about.

It is a fire at the surface caused by an explosion at a processing facility on the platform.  It is not a well blowout.

If some of you would read a bit before writing it could improve your credibility.

Thu, 09/02/2010 - 14:10 | 560061 MsCreant
MsCreant's picture

Hey there you innocent little lamb-i-kins. What a sweet and generous lamb-i-kins who defends the oil industry so ardently and consistently every time. What a joy you are to your mother and human kind. Now help us with your credibility lamb-i-kins. Why is it that you always have what you claim is superior lamb-i-kins information to everyone else? I bet your info is superior lamb-i-kins, I am not debating that. Baaaaahhhht why, lamb-i-kins.

 

Bah, Bah a black Sheep,
Have you any Wool?
To put over our eyes 
and see who you can fool?
Yes merry have I,
Many Bags full,
One from my master,
Named the oil industry
One from my Dame,
Named B.P.
One from Mr. Obama
Who is quite vain.
Bah, Bah a black Sheep,
Have you any Wool?
Yes merry have I,
Many Bags of Bull.

 

Thu, 09/02/2010 - 16:03 | 560418 Ripped Chunk
Ripped Chunk's picture

Augustus,  and you are simply a TROLL (or shill for the oil industry if that gets you hard).

But please elaborate on how the BP "accident" and this mishap are not environmental disasters. And furthermore elaborate on the "myths" that both the oil industry stooges and the US government have not lied and covered up not only these, bur every other oil extraction mishap in memory.

Please, we await your knowledge. I have no credibility, only opinions. What is your fucking story?

Thu, 09/02/2010 - 12:17 | 559774 prophet
prophet's picture

Did the circuit breaker kick in on this one?

Thu, 09/02/2010 - 12:17 | 559775 traderjoe
traderjoe's picture

But he's been a nice minion lately to the PTB - buying all those bank stocks. 

Thu, 09/02/2010 - 12:18 | 559782 101 years and c...
101 years and counting's picture

ME will be green by EOD as rumors begin that since 1 explosion occurred for a ME rig, it is statistically impossible for a second to occur.  The HFT code has already been written and is being added as we speak.

Thu, 09/02/2010 - 12:22 | 559791 Raymond K Hassel
Raymond K Hassel's picture

StreetInsider is reporting as of about 10 minutes ago that all the wells were shut-in, no oil and sheen visible - but they are so far the only ones running that info.

Thu, 09/02/2010 - 12:22 | 559792 D-Falt
D-Falt's picture

Hmmm,  That was of 8/30/10.  Any major sells yesterday?

Thu, 09/02/2010 - 12:22 | 559793 wang
wang's picture

ya it's only up 50% since April and down 2% on the day

Thu, 09/02/2010 - 12:24 | 559797 sheeple
sheeple's picture

cool d e shaw's up there

Thu, 09/02/2010 - 12:26 | 559800 firstdivision
firstdivision's picture

stocks shoot up on the news.  Line in the sand today is 1080.  If it even gets close the HTF brigade kicks in to turbo mode.

Thu, 09/02/2010 - 12:28 | 559808 dan22
Thu, 09/02/2010 - 12:45 | 559858 I am a Man I am...
I am a Man I am Forty's picture

Finally!! One oil stock that I don't own on bad news.

Down only approx 3% with a PE of 22??  Geez, I have stocks that go down that much on good news.

Thu, 09/02/2010 - 12:47 | 559869 curbyourrisk
curbyourrisk's picture

This is a platform explosion and not a rig explosion....HUGE DIFFERENCE!

Thu, 09/02/2010 - 12:56 | 559898 whatsinaname
whatsinaname's picture

yes and it adds so much more credibility to the O&G industry.

Thu, 09/02/2010 - 12:58 | 559906 dot_bust
dot_bust's picture

Between the BP rig explosion and the Mariner explosion, it should now be painfully obvious that these rigs are being blown up as part of trading scams. If you know that a rig owned by a publicly-owned company is going to explode, you can short the shit out of it and make a fortune.

Now, how long will it take to find out that Goldman Sachs was shorting Mariner just before the explosion? 2 days? 3 days? 1 week?

Also, were company insiders selling in the weeks or days before the explosion? Hmmm....

Thu, 09/02/2010 - 13:14 | 559934 firstdivision
firstdivision's picture

Traders guide to profiting on 2010...

Step 1: Short publicly traded oil/gas companies

Step 2: Place bomb on rig

Step 3: Cover and buy booze with gains

Thu, 09/02/2010 - 13:44 | 559998 dot_bust
dot_bust's picture

Those are the big banking steps to success.

Thu, 09/02/2010 - 13:32 | 559977 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

What seems really mysterious about this explosion is everyone onboard was found alive (it is a good thing) after the explosion. Smoke and mirrors for a massive short?

Thu, 09/02/2010 - 14:10 | 560057 dot_bust
dot_bust's picture

It gets even better. Scott D. Josey, the President and CEO of Mariner Energy, was vice president of Enron North America from 2000 to 2002.

http://people.forbes.com/profile/scott-d-josey/51218

Thu, 09/02/2010 - 15:12 | 560278 DosZap
DosZap's picture

Well, at least it's in less than 350' of water, and NO One was killed..............

So the news goes........NO BP here.

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Herry12's picture

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