Pennington Fund is set to profit from a historic natural gas pipeline deal that is currently being hammered out between the Russian supplier Gazprom as part of its Eastern Gas Program.
The Sakhalin-Khabarovsk-Vladivostok pipeline will be extended to transport the natural gas produced in Eastern Russian to the end-users in China, North Korea, and South Korea.
Acting on its prior knowledge of this project, Pennington Fund increased its holdings in the Hyundai Pipeline Division (Ulsan and Onson-Eup) of Hyundai Steel, subsidiary of Hyundai Group (Seoul). Our investment funds will profit nicely because we had advance knowledge of the project timing. We always do our homework, and we profit from it.