Investor T. Boone Pickens spoke in the National Clean Energy Summit in Las Vegas and he talked to CNBC about his energy plan. For him, anything -- wind, solar, natural gas – anything reduces our reliance on foreign oil is a step forward to achieve national security in energy:
Pickens lists the pillars to the Pickens Plan in the website http://www.pickensplan.com/:
Aside from build wind farms that he talked in the interview, Pickens also invests in common stocks through a hedge fund. His portfolio consists of almost all energy stocks, and during the past at least two quarters, here are the stocks he kept on buying:
No. 1: Suncor Energy Inc. (SU, Financial), Weightings: 7.82% - 553,294 Shares
T Boone Pickens owns 553,294 shares of SU, valued as $16 million as of Jun. 30, 2010, which accounts for 7.82% of his equity portfolio. T Boone Pickens added his positions in the Mar. 31, 2010 quarter by 16.87%, again in the Jun. 30, 2010 quarter by 48.32%.
SUNCOR ENERGY is a world leader in mining and extracting crude oil from the vast oil sands deposits of northern Alberta. Suncor Energy Inc. has a market cap of $49.88 billion; its shares were traded at around $31.93 with a P/E ratio of 33.3 and P/S ratio of 2.1. The dividend yield of Suncor Energy Inc. stocks is 1.3%. Suncor Energy Inc. had an annual average earning growth of 17.5% over the past 10 years. GuruFocus rated Suncor Energy Inc. the business predictability rank of 2-star.
No. 2: Anadarko Petroleum Corp. (APC, Financial), Weightings: 5.44% - 314,134 Shares
T Boone Pickens owns 314,134 shares of APC, valued as $11 million as of Jun. 30, 2010, which accounts for 5.44% of his equity portfolio. T Boone Pickens added his positions in the Mar. 31, 2010 quarter by 25.83%, again in the Jun. 30, 2010 quarter by 134.51%.
Anadarko Petroleum Corporation is one of the world's largest independentoil and gas exploration and production companies. Anadarko Petroleum Corp. has a market cap of $24.88 billion; its shares were traded at around $50.27 with a P/E ratio of 40.9 and P/S ratio of 2.8. The dividend yield of Anadarko Petroleum Corp. stocks is 0.7%. Anadarko Petroleum Corp. had an annual average earning growth of 12.8% over the past 10 years. GuruFocus rated Anadarko Petroleum Corp. the business predictability rank of 2-star.
No. 3: SANDRIDGE ENERGY INC (SD), Weightings: 5.29% - 1,888,954 Shares
T Boone Pickens owns 1,888,954 shares of SD, valued as $11 million as of Jun. 30, 2010, which accounts for 5.29% of his equity portfolio. T Boone Pickens added his positions in the Mar. 31, 2010 quarter by 14.8%, again in the Jun. 30, 2010 quarter by 4.95%.
SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. Sandridge Energy Inc has a market cap of $1.75 billion; its shares were traded at around $4.33 with a P/E ratio of 8.5 and P/S ratio of 3.
And Stocks that T Boone Pickens Keeps Selling in the past couple of quarters:
Occidental Petroleum Corp. (OXY, Financial), Weightings: 2.7% - 72,960 Shares
T Boone Pickens owns 72,960 shares of OXY, valued as $6 million as of Jun. 30, 2010, which accounts for 2.7% of his equity portfolio. T Boone Pickens reduced his positions in the Mar. 31, 2010 quarter by 63.83%, again in the Jun. 30, 2010 quarter by 5.25%.
Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental Petroleum Corp. has a market cap of $62.09 billion; its shares were traded at around $76.45 with a P/E ratio of 15.1 and P/S ratio of 4. The dividend yield of Occidental Petroleum Corp. stocks is 2%. Occidental Petroleum Corp. had an annual average earning growth of 13.6% over the past 10 years.
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To check the complete list of of T Boone Pickens, please go to http://www.gurufocus.com/holdings.php?GuruName=T+Boone+Pickens
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and T. Boone Pickens for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
Pickens lists the pillars to the Pickens Plan in the website http://www.pickensplan.com/:
1. Create millions of new jobs by building out the capacity to generate up to 22 percent of our electricity from wind. And adding to that with additional solar generation capacity;
2. Building a 21st century backbone electrical transmission grid;
3. Providing incentives for homeowners and the owners of commercial buildings to upgrade their insulation and other energy saving options; and
4. Using America's natural gas to replace imported oil as a transportation fuel in addition to its other uses in power generation, chemicals, etc.
Aside from build wind farms that he talked in the interview, Pickens also invests in common stocks through a hedge fund. His portfolio consists of almost all energy stocks, and during the past at least two quarters, here are the stocks he kept on buying:
No. 1: Suncor Energy Inc. (SU, Financial), Weightings: 7.82% - 553,294 Shares
T Boone Pickens owns 553,294 shares of SU, valued as $16 million as of Jun. 30, 2010, which accounts for 7.82% of his equity portfolio. T Boone Pickens added his positions in the Mar. 31, 2010 quarter by 16.87%, again in the Jun. 30, 2010 quarter by 48.32%.
SUNCOR ENERGY is a world leader in mining and extracting crude oil from the vast oil sands deposits of northern Alberta. Suncor Energy Inc. has a market cap of $49.88 billion; its shares were traded at around $31.93 with a P/E ratio of 33.3 and P/S ratio of 2.1. The dividend yield of Suncor Energy Inc. stocks is 1.3%. Suncor Energy Inc. had an annual average earning growth of 17.5% over the past 10 years. GuruFocus rated Suncor Energy Inc. the business predictability rank of 2-star.
No. 2: Anadarko Petroleum Corp. (APC, Financial), Weightings: 5.44% - 314,134 Shares
T Boone Pickens owns 314,134 shares of APC, valued as $11 million as of Jun. 30, 2010, which accounts for 5.44% of his equity portfolio. T Boone Pickens added his positions in the Mar. 31, 2010 quarter by 25.83%, again in the Jun. 30, 2010 quarter by 134.51%.
Anadarko Petroleum Corporation is one of the world's largest independentoil and gas exploration and production companies. Anadarko Petroleum Corp. has a market cap of $24.88 billion; its shares were traded at around $50.27 with a P/E ratio of 40.9 and P/S ratio of 2.8. The dividend yield of Anadarko Petroleum Corp. stocks is 0.7%. Anadarko Petroleum Corp. had an annual average earning growth of 12.8% over the past 10 years. GuruFocus rated Anadarko Petroleum Corp. the business predictability rank of 2-star.
No. 3: SANDRIDGE ENERGY INC (SD), Weightings: 5.29% - 1,888,954 Shares
T Boone Pickens owns 1,888,954 shares of SD, valued as $11 million as of Jun. 30, 2010, which accounts for 5.29% of his equity portfolio. T Boone Pickens added his positions in the Mar. 31, 2010 quarter by 14.8%, again in the Jun. 30, 2010 quarter by 4.95%.
SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. Sandridge Energy Inc has a market cap of $1.75 billion; its shares were traded at around $4.33 with a P/E ratio of 8.5 and P/S ratio of 3.
And Stocks that T Boone Pickens Keeps Selling in the past couple of quarters:
Occidental Petroleum Corp. (OXY, Financial), Weightings: 2.7% - 72,960 Shares
T Boone Pickens owns 72,960 shares of OXY, valued as $6 million as of Jun. 30, 2010, which accounts for 2.7% of his equity portfolio. T Boone Pickens reduced his positions in the Mar. 31, 2010 quarter by 63.83%, again in the Jun. 30, 2010 quarter by 5.25%.
Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental Petroleum Corp. has a market cap of $62.09 billion; its shares were traded at around $76.45 with a P/E ratio of 15.1 and P/S ratio of 4. The dividend yield of Occidental Petroleum Corp. stocks is 2%. Occidental Petroleum Corp. had an annual average earning growth of 13.6% over the past 10 years.
[i]
To check the complete list of of T Boone Pickens, please go to http://www.gurufocus.com/holdings.php?GuruName=T+Boone+Pickens
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and T. Boone Pickens for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
