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

T Boone Pickens Q3: Buys CNQ, FLR, FWLT, SII, TAT

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) (NYSE: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. (NYSE: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. (NASDAQ: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. (NYSE: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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