Institutional Investors Buy in to Zion Oil

Last week, institutional investors (i.e. banks, investment houses, mutual funds, etc.) filed their changes in investments with the SEC.

Zion Oil & Gas, Inc. now has as stockholders, the institutions listed below. This is the approximate amount of stock that they held at the filing date. This list is not complete, but it proves a point regarding Zion stock.

• Barclays Global Investors – 529,000 shares
• Ing – 280,500 shares
• Goldman Sachs – 119,000 shares
• Usquehanna International – 93,200 shares
• Tiaa Cref Investments – 69,700 shares
• Renaissance Technologies – 57,000 shares
• Northern Trust – 40,600
• Bank of New York (Mellon) – 33,300 shares
• Vanguard – 21,000
• Morgan Stanley – 18,000 shares
• Blackrock Investment Management – 17,000 shares
• American International Group (AIG) – 9,600 shares

A total of over 1.25 million shares of stock (that’s about $12.4 million)

So what does that mean? Institutional investors aren’t sentimental about Israel, Zion Oil’s story or vision, or whether or not the Bible predicts a last day’s oil discovery in Israel. They’re interested in return on investment. Why in the world would institutional investors put $12.4 million into Zion Oil & Gas? Because they believe their investment will pay off.

For all of us that have followed the story of Israel’s oil for so long, it’s difficult to express what this means. The ‘facts’ of Zion Oil’s exploration efforts have overcome even the skeptics antipathy to the ‘faith’ that has driven Zion Oil from the beginning. Institutional investors have bought into Zion Oil & Gas because it’s a good deal; no more, no less.

Remember this: the world’s approval doesn’t lend credibility to God’s plan. But sometimes God’s plan is so incredibly obvious that the world would be foolish not to recognize it.

Related posts:

1. Zion Oil Goes to NASDAQ
2. Zion Oil Files for New Rights Offering