Prem Watsa (Trades, Portfolio), known as the “Warren Buffett (Trades, Portfolio) of Canada” because he invests the float of his growing insurance conglomerate, Fairfax Financial (TSX:FFH, Financial), with similar principles, has released his first-quarter investing information.
Watsa purchased four new stocks – twice as many as last quarter – and all of them came from the oil and gas sector. Together with the new stocks Watsa holds 43 positions, valued at $1.4 billion.
Energy remains a medium-sized portion of his portfolio as the third greatest sector represented at 8.9%. The next largest are basic materials at 35.4% and technology at 44.7%.
The new buys were: Dresser-Rand Group Inc. (DRC, Financial), Talisman Energy Inc. (TLM, Financial), Atwood Oceanics Inc. (ATW, Financial) and Helmerich & Pain Inc. (HP, Financial).
Dresser-Rand Group Inc. (DRC, Financial)
Watsa purchased 16,200 shares of Dresser-Rand Group, a 0.09% portfolio holding. The stock’s price averaged $81 in the first quarter.
Dresser-Rand Group Inc. is a Delaware corporation formed in October 2004. Dresser-rand Group Inc. has a market cap of $6.48 billion; its shares were traded at around $84.24 with a P/E ratio of 79.0 and P/S ratio of 2.5. Dresser-rand Group Inc. had an annual average earnings growth of 14.3% over the past 10 years. GuruFocus rated Dresser-rand Group Inc. the business predictability rank of 2-star.
Talisman Energy Inc. (TLM, Financial)
Watsa purchased 58,500 shares of Talisman Energy, a 0.03% portfolio holding. The stock’s price averaged $8 for the quarter.
Talisman Energy Inc. was incorporated under the Canada Business Corporations Act in Canada on Dec. 14, 1982. Talisman Energy Inc. has a market cap of $8.26 billion; its shares were traded at around $7.99 with and P/S ratio of 2.40. The dividend yield of Talisman Energy Inc. stocks is 3.9%.
Atwood Oceanics Inc. (ATW, Financial)
Watsa purchased 8,000 shares of Atwood Oceanics, a 0.02% portfolio holding. The stock’s average price was $30.
Atwood Oceanics Inc. was organized in 1968 as a Texas corporation and commenced operations in 1970. Atwood Oceanics Inc. has a market cap of $2.17 billion; its shares were traded at around $33.53 with a P/E ratio of 6.30 and P/S ratio of 1.70. The dividend yield of Atwood Oceanics Inc. stocks is 0.70%. Atwood Oceanics Inc. had an annual average earnings growth of 25.0% over the past 10 years. GuruFocus rated Atwood Oceanics Inc. the business predictability rank of 3-star.
Helmerich & Pain Inc. (HP, Financial)
Watsa purchased 3,157 shares of Helmerich & Pain, a 0.02% portfolio holding. The stock’s price averaged $65 in the quarter.
Helmerich & Payne Inc. was incorporated under the laws of the State of Delaware on Feb. 3, 1940, and is successor to a business originally organized in 1920. Helmerich & Payne Inc. has a market cap of $8 billion; its shares were traded at around $74.28 with a P/E ratio of 11.40 and P/S ratio of 2.10. The dividend yield of Helmerich & Payne Inc. stocks is 3.7%. Helmerich & Payne Inc. had an annual average earnings growth of 21.80% over the past 10 years. GuruFocus rated Helmerich & Payne Inc. the business predictability rank of 3.5-star.
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