T.Boone Pickens is focused. There is one single issue concerning him in President Obama’s 70 minutes address last night – Energy. He wants the US to stand on its own energy resources, and currently his solution is natural gas. The logic is simple: compared to oil, it is cheaper, it is cleaner, and most importantly, the US has a vast reserve for it.
Pickens expands on his message as a response to President Obama’s address last night.
When coming to investing, you would expect the oil man pretty much invest in the energy space. GuruFocus tracks the stock portfolio of his investment firm BP Capital. Indeed over 90% of BP Capital’s investments are in the energy sector. Click here for details.
In the past few quarters up to September 30, 2010, Pickens has pretty invested along with the message he is trying to preach, buying domestic energy companies, especially natural gas companies. Here are the companies he has kept on buying for more than two quarters:
No. 1: (SU, Financial), Weightings: 6.61% - 567,119 Shares
T Boone Pickens owns 567,119 shares of SU, valued as $18 million as of Sep. 30, 2010, which accounts for 6.61% of his equity portfolio. T Boone Pickens added his positions in the Jun. 30, 2010 quarter by 48.32%, again in the Sep. 30, 2010 quarter by 2.5%.
No. 2: (CHK, Financial), Weightings: 6.03% - 743,348 Shares
T Boone Pickens owns 743,348 shares of CHK, valued as $17 million as of Sep. 30, 2010, which accounts for 6.03% of his equity portfolio. T Boone Pickens added his positions in the Jun. 30, 2010 quarter by 114.6%, again in the Sep. 30, 2010 quarter by 26.07%.
No. 3: (SD, Financial), Weightings: 3.94% - 1,936,151 Shares
T Boone Pickens owns 1,936,151 shares of SD, valued as $11 million as of Sep. 30, 2010, which accounts for 3.94% of his equity portfolio. T Boone Pickens added his positions in the Jun. 30, 2010 quarter by 4.95%, again in the Sep. 30, 2010 quarter by 2.5%.
To check the complete list of stocks that T Boone Pickens owns, please go here.
Pickens expands on his message as a response to President Obama’s address last night.
When coming to investing, you would expect the oil man pretty much invest in the energy space. GuruFocus tracks the stock portfolio of his investment firm BP Capital. Indeed over 90% of BP Capital’s investments are in the energy sector. Click here for details.
In the past few quarters up to September 30, 2010, Pickens has pretty invested along with the message he is trying to preach, buying domestic energy companies, especially natural gas companies. Here are the companies he has kept on buying for more than two quarters:
No. 1: (SU, Financial), Weightings: 6.61% - 567,119 Shares
T Boone Pickens owns 567,119 shares of SU, valued as $18 million as of Sep. 30, 2010, which accounts for 6.61% of his equity portfolio. T Boone Pickens added his positions in the Jun. 30, 2010 quarter by 48.32%, again in the Sep. 30, 2010 quarter by 2.5%.
No. 2: (CHK, Financial), Weightings: 6.03% - 743,348 Shares
T Boone Pickens owns 743,348 shares of CHK, valued as $17 million as of Sep. 30, 2010, which accounts for 6.03% of his equity portfolio. T Boone Pickens added his positions in the Jun. 30, 2010 quarter by 114.6%, again in the Sep. 30, 2010 quarter by 26.07%.
No. 3: (SD, Financial), Weightings: 3.94% - 1,936,151 Shares
T Boone Pickens owns 1,936,151 shares of SD, valued as $11 million as of Sep. 30, 2010, which accounts for 3.94% of his equity portfolio. T Boone Pickens added his positions in the Jun. 30, 2010 quarter by 4.95%, again in the Sep. 30, 2010 quarter by 2.5%.
To check the complete list of stocks that T Boone Pickens owns, please go here.
