market folly

Ken Griffin's investment firm Citadel just filed a 13G with the SEC regarding its stake in Goodrich Petroleum (GDP).  Per the filing, Citadel now owns 5.39% of the company with 1,959,806 shares.

This means they've more than doubled their position size since the end of March.  Griffin's firm has been active as of late and we've also detailed some of Citadel's other portfolio moves here.

Per Google Finance, Goodrich Petroleum is "an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas on properties primarily in Northwest Louisiana, East Texas and South Texas. It includes the Haynesville Shale and Cotton Valley Taylor Sand in Northwest Louisiana and East Texas, the Eagle Ford Shale and Buda Lime formations in South Texas and the Tuscaloosa Marine Shale in Southeast Louisiana and Southwest Mississippi. The Company owns interests in 401 producing oil and natural gas wells located in 29 fields in five states."