1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
matsandalex
matsandalex
Articles (245) 

Heebner Loads Up on Oil Service Companies

February 11, 2011 | About:
Ken Heebner of CGM Focus fund reported his fourth quarter portfolio. Heebner is a macro investor who is known to rocket in and out of positions making his portfolio difficult to track. His fund had a turnover of 464% of the average value of its portfolio.

It appears that Heebner is bullish about the oil services industry.

CGM started new positions in three oil service companies including:

Schlumberger (NYSE:SLB) 4.12% of portfolio

Schlumberger Limited and its subsidiaries supply technology, integrated project management, and information solutions to the oil and gas industry worldwide. The company operates in two segments, Oilfield Services and WesternGeco. (From Yahoo)

Halliburton (NYSE:HAL) 3.17% of portfolio

Halliburton Company provides various products and services to the energy industry for the exploration, development, and production of oil and natural gas worldwide.

National Oilwell Varco (NYSE:NOV) 2.44% of portfolio

National Oilwell Varco, Inc. designs, constructs, manufactures, and sells systems, components, and products used in oil and gas drilling and production; provides oilfield services and supplies; and distributes products, and provides supply chain integration services to the upstream oil and gas industry worldwide.

These three positions were most likely stellar positions for Heebner as they rocketed up 40-60% in the fourth quarter.

http://fundmanagernews.com/

Rating: 3.3/5 (11 votes)

Comments

Please leave your comment:


GuruFocus has detected 5 Warning Signs with Schlumberger Ltd $SLB.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by matsandalex


User Generated Screeners


DANGORDONMARGIN OF SAFETY 4-23-17
Taekgyun Kopbr
pbarker46PB
pbarker46PB, E10 & Hist. PB
Bear03Margin of Safety 20%+
kmadnani1 Simpler Option Daily Pop
pbarker46Hist. Shiller PE
pbarker46Hist. PB
gmConsumer Electronics
jgmarisafricaKenya Stocks
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK