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T Boone Pickens Buys Hess Corp., Sandridge Energy Inc, Mcmoran Exploration Co., Transocean Inc., Forest Oil Corp.

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As energy prices recovers, oil man Boone Pickens bought more. He did not sell any stocks, just bought into new positions and added to existing positions. T Boone Pickens owns 14 stocks with a total value of $186 million. These are the details of the buys and sells.

For the details of T Boone Pickens's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=T+Boone+Pickens

This is the sector weightings of his portfolio:

Oil & Gas 95.1%
Utilities 4.9%


These are the top 5 holdings of T Boone Pickens

  1. Transocean Inc. (RIG) - 353,262 shares, 16.29% of the total portfolio
  2. Hess Corp. (HES) - 403,954 shares, 11.64% of the total portfolio
  3. Devon Energy Corp. (DVN) - 293,471 shares, 10.65% of the total portfolio
  4. Chesapeake Energy Corp. (CHK) - 630,494 shares, 9.65% of the total portfolio
  5. Occidental Petroleum Corp. (OXY) - 217,392 shares, 9.19% of the total portfolio


Added: Chesapeake Energy Corp. (CHK)

T Boone Pickens added to his holdings in Chesapeake Energy Corp. by 215.25%. His purchase prices were between $17.39 and $29.11, with an estimated average price of $22.87. The impact to his portfolio due to this purchase was 6.59%. His holdings were 630,494 shares as of 09/30/2009.

Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake owns interests in producing oil and gas wells concentrated in three primary operating areas: the Mid-Continent region of Oklahoma, western Arkansas, southwestern Kansas and the Texas Panhandle; the Gulf Coast region consisting primarily of the Austin Chalk Trend in Texas and Louisiana and the Tuscaloosa Trend in Louisiana; and the Helmet area of northeastern British Columbia. Chesapeake Energy Corp. has a market cap of $15.59 billion; its shares were traded at around $24.3 with a P/E ratio of 9.7 and P/S ratio of 1.4. The dividend yield of Chesapeake Energy Corp. stocks is 1.2%. Chesapeake Energy Corp. had an annual average earning growth of 19.6% over the past 5 years.

Added: Forest Oil Corp. (FST)

T Boone Pickens added to his holdings in Forest Oil Corp. by 88.66%. His purchase prices were between $12.55 and $19.79, with an estimated average price of $16.27. The impact to his portfolio due to this purchase was 2.43%. His holdings were 490,521 shares as of 09/30/2009.

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 $2.21 billion; its shares were traded at around $19.69 with a P/E ratio of 12.3 and P/S ratio of 1.4. Forest Oil Corp. had an annual average earning growth of 4.8% over the past 10 years.

Added: Anadarko Petroleum Corp. (APC)

T Boone Pickens added to his holdings in Anadarko Petroleum Corp. by 117.39%. His purchase prices were between $41.66 and $64.7, with an estimated average price of $51.81. The impact to his portfolio due to this purchase was 1.99%. His holdings were 108,697 shares as of 09/30/2009.

Anadarko Petroleum Corporation is one of the world's largest independentoil and gas exploration and production companies. Majority of the company'stotal proved reserves are located in the U.S., primarily in the mid-continent (Kansas, Oklahoma and Texas) area, offshore in the Gulf of Mexico and in Alaska. Most of the company's production is domestic and the remainder is from Algeria. The company also owns and operates gas gathering systems in its U.S. core producing areas. Anadarko Petroleum Corp. has a market cap of $31.27 billion; its shares were traded at around $63.74 with and P/S ratio of 2. The dividend yield of Anadarko Petroleum Corp. stocks is 0.6%. Anadarko Petroleum Corp. had an annual average earning growth of 28% over the past 10 years. GuruFocus rated Anadarko Petroleum Corp. the business predictability rank of 3.5-star.

Added: Devon Energy Corp. (DVN)

T Boone Pickens added to his holdings in Devon Energy Corp. by 17.39%. His purchase prices were between $49.86 and $71.24, with an estimated average price of $61.03. The impact to his portfolio due to this purchase was 1.58%. His holdings were 293,471 shares as of 09/30/2009.

Devon Energy Corporation is an independent energy company engaged primarily in oil and gas exploration, development and production, and in the acquisition of producing properties. Devon currently owns oil and gas properties concentrated in four operating divisions: the Northern Division; the Southern Division,; Canada; and the International Division. Devon Energy Corp. has a market cap of $31.34 billion; its shares were traded at around $70.62 with a P/E ratio of 22.8 and P/S ratio of 2.1. The dividend yield of Devon Energy Corp. stocks is 0.9%. Devon Energy Corp. had an annual average earning growth of 18.1% over the past 10 years. GuruFocus rated Devon Energy Corp. the business predictability rank of 4.5-star.

Added: Transocean Inc. (RIG)

T Boone Pickens added to his holdings in Transocean Inc. by 8.7%. His purchase prices were between $67.31 and $87.11, with an estimated average price of $77.37. The impact to his portfolio due to this purchase was 1.3%. His holdings were 353,262 shares as of 09/30/2009.

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 $28.6 billion; its shares were traded at around $89.07 with a P/E ratio of 7 and P/S ratio of 2.3. Transocean Inc. had an annual average earning growth of 6% over the past 10 years.

Added: Cabot Oil & Gas Corp. (COG)

T Boone Pickens added to his holdings in Cabot Oil & Gas Corp. by 19.61%. His purchase prices were between $27.98 and $38.42, with an estimated average price of $34.94. The impact to his portfolio due to this purchase was 1.04%. His holdings were 328,915 shares as of 09/30/2009.

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 $4.19 billion; its shares were traded at around $40.43 with a P/E ratio of 26.6 and P/S ratio of 4.5. The dividend yield of Cabot Oil & Gas Corp. stocks is 0.3%. 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: Occidental Petroleum Corp. (OXY)

T Boone Pickens added to his holdings in Occidental Petroleum Corp. by 8.7%. His purchase prices were between $59.57 and $79.15, with an estimated average price of $71.31. The impact to his portfolio due to this purchase was 0.74%. His holdings were 217,392 shares as of 09/30/2009.

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 conducts its principal operations through its oil and gas and chemical subsidiaries. Occidental Petroleum Corp. has a market cap of $68.15 billion; its shares were traded at around $84.05 with a P/E ratio of 23 and P/S ratio of 2.8. The dividend yield of Occidental Petroleum Corp. stocks is 1.6%. Occidental Petroleum Corp. had an annual average earning growth of 17% over the past 10 years. GuruFocus rated Occidental Petroleum Corp. the business predictability rank of 2.5-star.

Added: Suncor Energy Inc. (SU)

T Boone Pickens added to his holdings in Suncor Energy Inc. by 8.7%. His purchase prices were between $26.07 and $37.03, with an estimated average price of $31.99. The impact to his portfolio due to this purchase was 0.49%. His holdings were 326,089 shares as of 09/30/2009.

SUNCOR ENERGY is a world leader in mining and extracting crude oil from the vast oil sands deposits of northern Alberta. They also explore for, develop and market natural gas, operate a refining and marketing business in Ontario, and are actively involved in the development of renewable energy sources to help meet the energy needs of tomorrow. Suncor Energy Inc. has a market cap of $34.65 billion; its shares were traded at around $36.97 with a P/E ratio of 21.3 and P/S ratio of 1.2. The dividend yield of Suncor Energy Inc. stocks is 1%. Suncor Energy Inc. had an annual average earning growth of 21.8% over the past 5 years.

Added: Questar Corp. (STR)

T Boone Pickens added to his holdings in Questar Corp. by 8.7%. His purchase prices were between $28.52 and $37.59, with an estimated average price of $33.72. The impact to his portfolio due to this purchase was 0.39%. His holdings were 243,480 shares as of 09/30/2009.

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 $7.42 billion; its shares were traded at around $42.56 with a P/E ratio of 14.2 and P/S ratio of 2.2. The dividend yield of Questar Corp. stocks is 1.2%. 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: Hess Corp. (HES)

T Boone Pickens initiated holdings in Hess Corp.. His purchase prices were between $47.5 and $57.29, with an estimated average price of $52.36. The impact to his portfolio due to this purchase was 11.64%. His holdings were 403,954 shares as of 09/30/2009.

Hess Corporation, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products, electricity. Hess Corp. has a market cap of $19.09 billion; its shares were traded at around $58.38 with a P/E ratio of 81.1 and P/S ratio of 0.5. The dividend yield of Hess Corp. stocks is 0.7%. Hess Corp. had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 3.5-star.

New Purchase: Sandridge Energy Inc (SD)

T Boone Pickens initiated holdings in Sandridge Energy Inc. His purchase prices were between $7.96 and $13.72, with an estimated average price of $11.02. The impact to his portfolio due to this purchase was 7.25%. His holdings were 1,037,554 shares as of 09/30/2009.

SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. SandRidge also owns and operates drilling rigs and a related oil field services business operating under the Lariat Services, Inc. brand name; gas gathering, marketing and processing facilities; and, through its subsidiary, PetroSource Energy Company CO2 treating and transportation facilities and tertiary oil recovery operations. SandRidge focuses its exploration and production activities in West Texas, the Cotton Valley Trend in East Texas and the Gulf Coast. SandRidge also owns oil and gas properties in the Piceance Basin of Colorado, the Gulf of Mexico and the Anadarko and Arkoma Basins. Sandridge Energy Inc has a market cap of $1.87 billion; its shares were traded at around $10.18 with a P/E ratio of 14.6 and P/S ratio of 1.6.

New Purchase: Mcmoran Exploration Co. (MMR)

T Boone Pickens initiated holdings in Mcmoran Exploration Co.. His purchase prices were between $4.95 and $9.04, with an estimated average price of $7.14. The impact to his portfolio due to this purchase was 4.07%. His holdings were 1,000,000 shares as of 09/30/2009.

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, transporting,terminaling, processing and marketing of sulfur. Mcmoran Exploration Co. has a market cap of $654.7 million; its shares were traded at around $7.61 with and P/S ratio of 0.6.

New Purchase: Weatherford International, Ltd. (switzerland) (WFT)

T Boone Pickens initiated holdings in Weatherford International, Ltd. (switzerland). His purchase prices were between $17.37 and $22.61, with an estimated average price of $19.77. The impact to his portfolio due to this purchase was 3.56%. His holdings were 318,678 shares as of 09/30/2009.

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 $13.68 billion; its shares were traded at around $18.56 with a P/E ratio of 18 and P/S ratio of 1.4.

New Purchase: Gastar Exploration Ltd (GST)

T Boone Pickens initiated holdings in Gastar Exploration Ltd. His purchase prices were between $0.108 and $0.13, with an estimated average price of $0.04. The impact to his portfolio due to this purchase was 1.5%. His holdings were 578,500 shares as of 09/30/2009.

Gastar Exploration, Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America and Australia. The Company pursues a balanced strategy combining low-risk CBM development with select higher risk, deep natural gas exploration prospects. The Company owns and controls development acreage in the Deep Bossier Sand gas play of East Texas and in the deep Trenton-Black River play in the Appalachian Basin. Gastar Exploration Ltd has a market cap of $225.1 million; its shares were traded at around $4.54 with and P/S ratio of 3.6.


Rating: 3.4/5 (10 votes)

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