Top shareholders of CRC have recently reduced there holdings.
1. GoldenTree Asset Management who owns 15,579,032 shares levelled holdings by a large 20.415% decrease
2. Ares Management who holds 14,788,286 shares have recently reduce there holdings by 14.64%
What could this mean?
--> Well to put it simply it may just be profit taking as Ares bought more shares around $30
--> Minimising positions. It is well known California is turning to green energy and the government is showing for support.
--> Stigma has also increased for oil due to media portrayal however the world is not ready to depart from oil so really it could be typically play of talking the talk and not walking the walk.
1. GoldenTree Asset Management who owns 15,579,032 shares levelled holdings by a large 20.415% decrease
2. Ares Management who holds 14,788,286 shares have recently reduce there holdings by 14.64%
What could this mean?
--> Well to put it simply it may just be profit taking as Ares bought more shares around $30
--> Minimising positions. It is well known California is turning to green energy and the government is showing for support.
--> Stigma has also increased for oil due to media portrayal however the world is not ready to depart from oil so really it could be typically play of talking the talk and not walking the walk.