Peak Oil Billionaire No More ?  

Posted by Big Gav

With energy company share prices crashing, it looks like Australia's peak oil billionaire is having a hard time of it - Matthews Capital liquidates Santos stock.

MATTHEWS Capital sold over $182 million of Santos stock today, in what is said to be part of a liquidation to ward off fund redemptions.
The Sydney-based firm, run by Phil Matthews, is a big player in the oil market, both in oil futures and oil companies, but with oil prices falling to12-month lows and stock prices down sharply, its good fortune seems has run out for the moment.

Matthews declined to return phone calls.

Santos’ stock price was down 10 per cent today - and 45 per cent from its May highs - at $12.69 a share.

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