Why Carl Icahn Bought Cheap Oil During Monday’s Historic Plummet

by

We all know Carl Icahn, the activist investor behind lots of things, including PayPal’s split from eBay; so when he talks about investing, as a billionaire, people listen. He talked to Bloomberg this week about how he bought cheap oil during Monday’s historic price plunge, and why.

Apr.24 — Billionaire activist investor Carl Icahn discusses his refiner CVR Energy’s large-scale purchase of oil on Monday after prices went negative, saying “you’ll never see that again in history.” He speaks with Bloomberg’s Erik Schatzker on “Bloomberg Markets: The Close.”

Bloomberg YouTube Channel

Did you follow Icahn in? Do you think it was a smart move? Leave a comment, below.


In This Story: Carl Icahn

Carl Celian Icahn is an American financier. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in New York City.

4 Recent Items: Carl Icahn

Bill ackman on his feud with carl icahn #shorts #deliveringalpha 1

Bill Ackman on his feud with Carl Icahn #Shorts #DeliveringAlpha

Category: News

Icahn Enterprises stock surges after founder untangles loans from share price: Report

Category: Business, Finance

Illumina CEO deSouza resigns after proxy battle with Carl Icahn

Category: Business, Finance, Mergers & Acquisitions, Pharmaceuticals

Latest Bill Ackman-Carl Icahn feud has ‘a very 2013 vibe’ to it, says Semafor’s Liz Hoffman

Category: Finance, News

In This Story: markets

4 Recent Items: markets

Geopolitical risks and the threat of AI: Business leaders weigh in from Davos, Switzerland

Category: Business, Finance

Bloomberg Markets: The Close 01/19/2024

Category: Business, Finance

How the 2024 U.S. election and the Fed will impact markets and business

Category: Business, Finance

Jim Cramer looks ahead to next week’s earnings schedule

Category: Finance, News

In This Story: PayPal

PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders.

Stock ticker: PYPL (NASDAQ)

2 Recent Items: PayPal

Paypal CEO Alex Chriss: We will ‘shock’ the world

Category: News

Multigrain Loaf. You’ll never buy another wholegrain loaf from the store again

Category: Recipes

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.