Seth Klarman is betting on oil

Seth Klarman is betting on oil. According to GuruFocus, Seth Klarman took a new position in Bellatrix Exploration Ltd (BXE), an oil and gas company operating in Canada's Sedementary Basin. Klarman's $28.5 billion Baupost Group returned 8% last year, Bloomberg reported, its sixth consecutive year of gains. The value of Klarman's stock portfolio totaled $5.7 billion at the end of the third quarter, with 27 positions. (Source: GuruFocus)

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