Viking Global Reveals Newfield Exploration Position ~ market folly

Friday, August 8, 2014

Viking Global Reveals Newfield Exploration Position

Andreas Halvorsen's hedge fund firm Viking Global has filed a 13G on shares of Newfield Exploration (NFX).  The hedge fund now owns 5.7% of the company with over 7.78 million shares.

This is a brand new position for Viking and the filing was required due to activity on July 28th.

Per Google Finance, Newfield Exploration is "an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The Company’s domestic areas of operation include the Mid-Continent, the Rocky Mountains and onshore Texas. Internationally, it focuses on offshore oil developments in Malaysia and China."

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