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T Boone Pickens Buys Forest Oil Corp., Cabot Oil & Gas Corp., Sells Alpha Natural Resources Inc., Consol Energy Inc., Fluor Corp., Halliburton Company

T Boone Pickens only invests in energy and energy related stocks with his fund, BP Capital. With the recovery of oil prices, he is selling! Is he taking profit and waiting for better opportunities? This is the Q2 portfolio of BP Capital.

T Boone Pickens buys Forest Oil Corp., sells Alpha Natural Resources Inc., Consol Energy Inc., Fluor Corp., Foster Wheeler Ag., Halliburton Company, Massey Energy Company, Mcmoran Exploration Co., Schlumberger Ltd., Weatherford International, Ltd. (switzerland) during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, BP Capital. T Boone Pickens owns 9 stocks with a total value of $85 million. These are the details of the buys and sells.

New Purchases: FST,

Added Positions: COG, STR,

Reduced Positions: RIG,

Sold Out: ANR, CNX, FLR, FWLT, HAL, MEE, MMR, SLB, WFT,

For the details of T Boone Pickens's stock buys and sells, go to the Link Here

This is the sector weightings of T Boone Pickens's portfolio:

Utilities 8.1% 8.1%
Oil & Gas 91.9% 91.9%


These are the top 5 holdings of T Boone Pickens

  1. Transocean Inc. (RIG) - 325,000 shares, 28.23% of the total portfolio
  2. Devon Energy Corp. (DVN) - 250,000 shares, 15.93% of the total portfolio
  3. Occidental Petroleum Corp. (OXY) - 200,000 shares, 15.39% of the total portfolio
  4. Suncor Energy Inc. (SU) - 300,000 shares, 10.64% of the total portfolio
  5. Cabot Oil & Gas Corp. (COG) - 275,000 shares, 9.85% of the total portfolio


Added: Cabot Oil & Gas Corp. (COG)

T Boone Pickens added to his holdings in Cabot Oil & Gas Corp. by 37.5%. His purchase prices were between $28.34 and $35.56, with an estimated average price of $31.8. The impact to his portfolio due to this purchase was 2.69%. His holdings were 275,000 shares as of 06/30/2009.

Cabot Oil & Gas Corp. is an independent oil and gas company engaged in the exploration development acquisition and exploitation of oil and gas properties located in four areas of the United States: the onshore Texas and Louisiana Gulf Coast; the Rocky Mountains; Appalachia; and the Mid-Continent or Anadarko Basin. Cabot Oil & Gas Corp. has a market cap of $3.51 billion; its shares were traded at around $33.9 with a P/E ratio of 19.7 and P/S ratio of 3.7. The dividend yield of Cabot Oil & Gas Corp. stocks is 0.4%. Cabot Oil & Gas Corp. had an annual average earning growth of 16.2% over the past 10 years. GuruFocus rated Cabot Oil & Gas Corp. the business predictability rank of 4-star.

Added: Questar Corp. (STR)

T Boone Pickens added to his holdings in Questar Corp. by 40%. His purchase prices were between $30.92 and $36.28, with an estimated average price of $32.8. The impact to his portfolio due to this purchase was 2.32%. His holdings were 224,000 shares as of 06/30/2009.

Questar Corporation is a natural gas-focused energy company with five major lines of business - gas and oil exploration and production midstream field services energy marketing interstate gas transportation and retail gas distribution. These services are conducted through its three principal subsidiaries: Questar Market Resources (a subholding company that operates through four principal subsidiaries) Questar Pipeline Company (provides interstate natural gas transportation and storage and other energy services) and Questar Gas Company (provides retail natural gas distribution services in Utah Wyoming and Idaho). Questar Corp. has a market cap of $5.71 billion; its shares were traded at around $32.83 with a P/E ratio of 9.8 and P/S ratio of 1.6. The dividend yield of Questar Corp. stocks is 1.5%. Questar Corp. had an annual average earning growth of 15% over the past 10 years. GuruFocus rated Questar Corp. the business predictability rank of 3.5-star.

New Purchase: Forest Oil Corp. (FST)

T Boone Pickens initiated holdings in Forest Oil Corp.. His purchase prices were between $14.78 and $21.53, with an estimated average price of $17.7. The impact to his portfolio due to this purchase was 4.54%. His holdings were 260,000 shares as of 06/30/2009.

Forest Oil Corporation is engaged in the acquisition exploration development production and marketing of natural gas and crude oil in North America. Forest Oil's principal reserves and producing properties are located in the United States in the Gulf of Mexico Louisiana Texas Oklahoma and Wyoming and in Canada in Alberta and the Northwest Territories (company press release). Forest Oil Corp. has a market cap of $1.74 billion; its shares were traded at around $15.89 with a P/E ratio of 6.6 and P/S ratio of 1.1. Forest Oil Corp. had an annual average earning growth of 4.8% over the past 10 years.

Reduced: Transocean Inc. (RIG)

T Boone Pickens reduced to his holdings in Transocean Inc. by 27.78%. His sale prices were between $66.82 and $82.58, with an estimated average price of $74. The impact to his portfolio due to this sale was -7.84%. T Boone Pickens still held 325,000 shares as of 06/30/2009.

Transocean LTD. formerly Transocean Inc. is an international provider of offshore contract drilling services for oil and gas wells. The company offers deepwater and harsh environment drilling oil and gas drilling management and drilling engineering and project management services as well as explores develops and produces oil and gas resources. The company is based in Houston Texas. Transocean Inc. has a market cap of $23.26 billion; its shares were traded at around $72.51 with a P/E ratio of 5.3 and P/S ratio of 1.8. Transocean Inc. had an annual average earning growth of 6% over the past 10 years.

Sold Out: Alpha Natural Resources Inc. (ANR)

T Boone Pickens sold out his holdings in Alpha Natural Resources Inc.. His sale prices were between $17.39 and $30.19, with an estimated average price of $24.8.

Alpha Natural Resources is a leading Central Appalachian coal producer that also has significant operations in Northern Appalachia. Their reserves primarily consist of high Btu low sulfur steam coal and metallurgical coal. They produce process and sell steam and metallurgical coal from eight regional business units supported by active underground mines active surface mines and preparation plants located throughout Virginia West Virginia Kentucky Pennsylvania and Colorado. Alpha Natural Resources Inc. has a market cap of $2.44 billion; its shares were traded at around $34.16 with a P/E ratio of 16.7 and P/S ratio of 1.

Sold Out: Schlumberger Ltd. (SLB)

T Boone Pickens sold out his holdings in Schlumberger Ltd.. His sale prices were between $44 and $60.27, with an estimated average price of $52.9.

Schlumberger Limited is a global technology services company consisting of two business segments Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Oilfield Services is the leading provider of exploration and production services solutions and technology to the international petroleum industry. SchlumbergerSema is a leading information technology services company providing a unique combination of domain expertise and global capabilities delivered on a local basis. Schlumberger Ltd. has a market cap of $61.38 billion; its shares were traded at around $51.3 with a P/E ratio of 13.7 and P/S ratio of 2.3. The dividend yield of Schlumberger Ltd. stocks is 1.6%. Schlumberger Ltd. had an annual average earning growth of 58.5% over the past 5 years.

Sold Out: Mcmoran Exploration Co. (MMR)

T Boone Pickens sold out his holdings in Mcmoran Exploration Co.. His sale prices were between $5.4 and $7.59, with an estimated average price of $6.2.

McMoRan Exploration Co. is engaged in the exploration development and production of oil and gas offshore in the Gulf of Mexico and onshore in the Gulf Coast region and in the mining purchasing transportingterminaling processing and marketing of sulfur. Mcmoran Exploration Co. has a market cap of $639 million; its shares were traded at around $7.52 with and P/S ratio of 0.6.

Sold Out: Massey Energy Company (MEE)

T Boone Pickens sold out his holdings in Massey Energy Company. His sale prices were between $12.04 and $24.69, with an estimated average price of $18.9.

Massey Energy Company produces processes and sells bituminous low sulfur coal of steam and metallurgical grades through its processing and shipping centers. Massey Energy Company enjoys a strong market position as the low-cost producer of Central Appalachian Coal. Massey Energy's supply flexibility and controlled production costs provide our customers the security of knowing their supply will be reliable and competitive for a long time to come. Their customers know that Massey Energy has the reliability and versatility to supply solutions. Massey Energy Company has a market cap of $2.37 billion; its shares were traded at around $27.68 with a P/E ratio of 12.4 and P/S ratio of 0.8. The dividend yield of Massey Energy Company stocks is 0.9%. Massey Energy Company had an annual average earning growth of 1% over the past 5 years.

Sold Out: Halliburton Company (HAL)

T Boone Pickens sold out his holdings in Halliburton Company. His sale prices were between $17.05 and $23.99, with an estimated average price of $21.2.

Halliburton Company provides a variety of services equipment maintenance and engineering and construction to energy industrial and governmental customers. The company is made up of the following three business segments: Energy Services Group Engineering and Construction Group and Dresser Equipment Group. Halliburton Company has a market cap of $20.33 billion; its shares were traded at around $22.66 with a P/E ratio of 9.7 and P/S ratio of 1.1. The dividend yield of Halliburton Company stocks is 1.6%. Halliburton Company had an annual average earning growth of 58.3% over the past 5 years.

Sold Out: Foster Wheeler Ag. (FWLT)

T Boone Pickens sold out his holdings in Foster Wheeler Ag.. His sale prices were between $20.68 and $28.57, with an estimated average price of $24.2.

Foster Wheeler AG formerly Foster Wheeler Limited along with its subsidiaries provide construction and engineering services to the oil and gas oil refining chemical/petrochemical pharmaceutical environmental and power plant operation and maintenance sectors worldwide. It operates through two business groups the Global Engineering & Construction Group (E&C) and the Global Power Group. The former Group designs engineers and constructs onshore and offshore upstream oil and gas processing facilities; natural gas liquefaction facilities and receiving terminals; gas-to-liquids facilities; oil refining; and chemical petrochemical pharmaceutical biotechnology healthcare and related infrastructure facilities. The Global Power Group designs manufactures and erects steam generating and auxiliary equipment for electric power generating stations and industrial facilities. The company focuses on safely delivering cost-effective technically-advanced services facilities and Foster Wheeler Ag. has a market cap of $3.57 billion; its shares were traded at around $28.2 with a P/E ratio of 8.1 and P/S ratio of 0.5.

Sold Out: Fluor Corp. (FLR)

T Boone Pickens sold out his holdings in Fluor Corp.. His sale prices were between $37.64 and $53.85, with an estimated average price of $45.6.

FLUOR CORP-NEW is a holding company that provides services on a global basis in the fields of engineering procurement construction maintenance operations project management and business services. These services are grouped into three operating segments: Fluor Daniel Fluor Global Services and Fluor Signature Services. Fluor Daniel consists of four business units: Energy; Chemicals; Manufacturing; Life Sciences; Mining; and Infrastructure. Fluor Corp. has a market cap of $9.27 billion; its shares were traded at around $51.52 with a P/E ratio of 12.6 and P/S ratio of 0.4. The dividend yield of Fluor Corp. stocks is 1%. Fluor Corp. had an annual average earning growth of 19.4% over the past 5 years.

Sold Out: Consol Energy Inc. (CNX)

T Boone Pickens sold out his holdings in Consol Energy Inc.. His sale prices were between $26.34 and $41.7, with an estimated average price of $35.3.

CONSOL Energy Inc. is the largest producer of high-Btu bituminous coal in the United States and the largest exporter of U.S. coal. Consol Energy Inc. has a market cap of $6.89 billion; its shares were traded at around $38.15 with a P/E ratio of 12.1 and P/S ratio of 1.5. The dividend yield of Consol Energy Inc. stocks is 1%. Consol Energy Inc. had an annual average earning growth of 28.5% over the past 5 years.

Sold Out: Weatherford International, Ltd. (switzerland) (WFT)

T Boone Pickens sold out his holdings in Weatherford International, Ltd. (switzerland). His sale prices were between $12.99 and $22.65, with an estimated average price of $18.5.

Weatherford International is one of the world's leading providers ofequipment and services used for the drilling completion and production of oil and natural gas wells. Its operations are conducted in numerous countries and it has service and sales locations in substantially all of the oil and natural gas producing regions in the world. The company's products and services are divided into the following four principal operating divisions: Drilling and Intervention Services; Completion Systems; Artificial Lift Systems; and Compression Services. Weatherford International, Ltd. (switzerland) has a market cap of $13.02 billion; its shares were traded at around $18.64 with a P/E ratio of 12.9 and P/S ratio of 1.4.


Rating: 3.4/5 (14 votes)

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