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T Boone Pickens Buys Transatlantic Petroleum Ltd., Smith International Inc., Fluor Corp., Foster Wheeler Ag., Canadian Natural Resources Ltd.

Craig Thomas

Billionaire oil man Boone Pickens likes natural gas now. He believes that natural gas will recover to $7 to $8 dollar per MCF and oil price will see $85 per barrel next year. He is a pure buyer for his fund, BP Capital in the 4th quarter of 2009. T Boone Pickens owns 19 stocks with a total value of $225 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 88%
Industrials 4.6%
Utilities 4.4%


These are the top 5 holdings of T Boone Pickens

  1. Transocean Inc. (RIG) - 345,980 shares, 12.76% of the total portfolio
  2. Hess Corp. (HES) - 396,156 shares, 10.67% of the total portfolio
  3. Devon Energy Corp. (DVN) - 287,414 shares, 9.41% of the total portfolio
  4. Occidental Petroleum Corp. (OXY) - 212,912 shares, 7.71% of the total portfolio
  5. Chesapeake Energy Corp. (CHK) - 617,751 shares, 7.12% of the total portfolio


Added: Weatherford International, Ltd. (switzerland) (WFT)

T Boone Pickens added to his holdings in Weatherford International, Ltd. (switzerland) by 94.17%. His purchase prices were between $15.74 and $20.41, with an estimated average price of $17.81. The impact to his portfolio due to this purchase was 2.4%. His holdings were 618,781 shares as of 12/31/2009.

Weatherford International is one of the world's providers ofequipment and services used for the drilling, completion and production of oil and natural gas wells. Weatherford International, Ltd. (switzerland) has a market cap of $11.48 billion; its shares were traded at around $15.57 with a P/E ratio of 29.9 and P/S ratio of 1.3. GuruFocus rated Weatherford International, Ltd. (switzerland) the business predictability rank of 2-star.

Added: Sandridge Energy Inc (SD)

T Boone Pickens added to his holdings in Sandridge Energy Inc by 51.11%. His purchase prices were between $8.21 and $13.84, with an estimated average price of $10.35. The impact to his portfolio due to this purchase was 2.23%. His holdings were 1,567,860 shares as of 12/31/2009.

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 $1.77 billion; its shares were traded at around $8.6 with a P/E ratio of 12.3 and P/S ratio of 1.5.

Added: Gastar Exploration Ltd (GST)

T Boone Pickens added to his holdings in Gastar Exploration Ltd by 90.68%. His purchase prices were between $4.12 and $5.03, with an estimated average price of $4.63. The impact to his portfolio due to this purchase was 1.12%. His holdings were 1,103,111 shares as of 12/31/2009.

Gastar Exploration, Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America and Australia. Gastar Exploration Ltd has a market cap of $245.1 million; its shares were traded at around $4.9 with and P/S ratio of 3.9.

New Purchase: Transatlantic Petroleum Ltd. (TAT)

T Boone Pickens initiated holdings in Transatlantic Petroleum Ltd.. His purchase prices were between $2.67 and $3.5, with an estimated average price of $3.07. The impact to his portfolio due to this purchase was 3.05%. His holdings were 2,000,000 shares as of 12/31/2009.

TransAtlantic Petroleum Ltd. is a vertically integrated, international oil and gas company. Transatlantic Petroleum Ltd. has a market cap of $827.8 million; its shares were traded at around $2.7301 .

New Purchase: Smith International Inc. (SII)

T Boone Pickens initiated holdings in Smith International Inc.. His purchase prices were between $26.01 and $33.81, with an estimated average price of $28.41. The impact to his portfolio due to this purchase was 2.39%. His holdings were 197,285 shares as of 12/31/2009.

Smith International, Inc. is a worldwide supplier of premium products and services to the oil and gas exploration and production industry, the petrochemical industry and other industrial markets. Smith International Inc. has a market cap of $8.18 billion; its shares were traded at around $33.05 with a P/E ratio of 39.8 and P/S ratio of 1. The dividend yield of Smith International Inc. stocks is 1.5%. Smith International Inc. had an annual average earning growth of 22.5% over the past 10 years. GuruFocus rated Smith International Inc. the business predictability rank of 4-star.

New Purchase: Fluor Corp. (FLR)

T Boone Pickens initiated holdings in Fluor Corp.. His purchase prices were between $39.86 and $51.54, with an estimated average price of $45.07. The impact to his portfolio due to this purchase was 2.38%. His holdings were 118,899 shares as of 12/31/2009.

Fluor delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. Fluor Corp. has a market cap of $8.16 billion; its shares were traded at around $45.58 with a P/E ratio of 11.4 and P/S ratio of 0.4. The dividend yield of Fluor Corp. stocks is 1.1%. Fluor Corp. had an annual average earning growth of 19.4% over the past 5 years.

New Purchase: Foster Wheeler Ag. (FWLT)

T Boone Pickens initiated holdings in Foster Wheeler Ag.. His purchase prices were between $27.89 and $33.73, with an estimated average price of $30.63. The impact to his portfolio due to this purchase was 2.18%. His holdings were 166,459 shares as of 12/31/2009.

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. Foster Wheeler Ag. has a market cap of $3.5 billion; its shares were traded at around $27.56 with a P/E ratio of 8.3 and P/S ratio of 0.5.

New Purchase: Canadian Natural Resources Ltd. (CNQ)

T Boone Pickens initiated holdings in Canadian Natural Resources Ltd.. His purchase prices were between $62.98 and $76.1, with an estimated average price of $67.66. The impact to his portfolio due to this purchase was 1.52%. His holdings were 47,560 shares as of 12/31/2009.

Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. Canadian Natural Resources Ltd. has a market cap of $37.35 billion; its shares were traded at around $68.88 with a P/E ratio of 15.2 and P/S ratio of 2.6. The dividend yield of Canadian Natural Resources Ltd. stocks is 0.6%. Canadian Natural Resources Ltd. had an annual average earning growth of 25.5% over the past 5 years.


Rating: 3.1/5 (10 votes)

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