Eric Mindich's Eton Park Capital Adds to 3Legs Resources Position ~ market folly

Thursday, October 20, 2011

Eric Mindich's Eton Park Capital Adds to 3Legs Resources Position

Eric Mindich's hedge fund Eton Park Capital has added to its position in London listed 3Legs Resources (LON: 3LEG). Due to trading on October 9th, Eton Park now owns 5.58% of 3LEGS' shares.

We originally reported when Eton Park took its initial position in 3Legs when they bought stock via the placing on the AIM market in June 2011. They've since acquired an additional 2.1% of the company.

Per Google Finance, 3Legs Resources is "engaged in the exploration, evaluation and development of oil and gas targets, from unconventional resource plays. The Company has six exploration and prospection licenses covering approximately 4,387 square kilometers (1,084,000 acres) (gross) in the onshore Baltic Basin."

In other activity from this hedge fund, we also detailed Eton Park's position in MSCI.


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