T. Boone Pickens, founder and chairman of Dallas-based BP Capital LLC, spoke with Bloomberg's Margaret Brennan yesterday about President Barack Obama's pledge to expand offshore oil and natural gas drilling and the outlook for U.S. energy policy. The president wants to permit exploration in parts of the Gulf of Mexico and the Atlantic Ocean not previously offered to companies such as Exxon Mobil Corp., the country's largest energy producer.
(Source: Bloomberg)
Naturally, T. Boone Pickens’s hedge fund is full of Oil & Gas companies:
No. 1: Transocean Inc. (RIG, Financial), Weightings: 12.76% - 345,980 Shares
Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. Transocean Inc. has a market cap of $27.78 billion; its shares were traded at around $86.38 with a P/E ratio of 7.6 and P/S ratio of 2.4. Transocean Inc. had an annual average earning growth of 22% over the past 10 years.
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 $20.47 billion; its shares were traded at around $62.55 with a P/E ratio of 31.7 and P/S ratio of 0.7. The dividend yield of Hess Corp. stocks is 0.7%. Hess Corp. had an annual average earning growth of 8.4% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 4.5-star.
No. 3: Devon Energy Corp. (DVN, Financial), Weightings: 9.41% - 287,414 Shares
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 Energy Corp. has a market cap of $28.79 billion; its shares were traded at around $64.43 with a P/E ratio of 16 and P/S ratio of 3.6. The dividend yield of Devon Energy Corp. stocks is 1%.
No. 4: Occidental Petroleum Corp. (OXY, Financial), Weightings: 7.71% - 212,912 Shares
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 Petroleum Corp. has a market cap of $68.64 billion; its shares were traded at around $84.54 with a P/E ratio of 22.4 and P/S ratio of 4.4. The dividend yield of Occidental Petroleum Corp. stocks is 1.6%. Occidental Petroleum Corp. had an annual average earning growth of 13.6% over the past 10 years.
No. 5: Chesapeake Energy Corp. (CHK, Financial), Weightings: 7.12% - 617,751 Shares
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 Energy Corp. has a market cap of $15.41 billion; its shares were traded at around $23.64 with a P/E ratio of 9.3 and P/S ratio of 2. The dividend yield of Chesapeake Energy Corp. stocks is 1.3%. Chesapeake Energy Corp. had an annual average earning growth of 14.9% over the past 10 years. GuruFocus rated Chesapeake Energy Corp. the business predictability rank of 5-star.
No. 6: SANDRIDGE ENERGY INC (SD, Financial), Weightings: 6.58% - 1,567,860 Shares
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 $1.62 billion; its shares were traded at around $7.7 with a P/E ratio of 9.9 and P/S ratio of 2.7.
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(Source: Bloomberg)
Naturally, T. Boone Pickens’s hedge fund is full of Oil & Gas companies:
No. 1: Transocean Inc. (RIG, Financial), Weightings: 12.76% - 345,980 Shares
Transocean LTD., formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. Transocean Inc. has a market cap of $27.78 billion; its shares were traded at around $86.38 with a P/E ratio of 7.6 and P/S ratio of 2.4. Transocean Inc. had an annual average earning growth of 22% over the past 10 years.
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 $20.47 billion; its shares were traded at around $62.55 with a P/E ratio of 31.7 and P/S ratio of 0.7. The dividend yield of Hess Corp. stocks is 0.7%. Hess Corp. had an annual average earning growth of 8.4% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 4.5-star.
No. 3: Devon Energy Corp. (DVN, Financial), Weightings: 9.41% - 287,414 Shares
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 Energy Corp. has a market cap of $28.79 billion; its shares were traded at around $64.43 with a P/E ratio of 16 and P/S ratio of 3.6. The dividend yield of Devon Energy Corp. stocks is 1%.
No. 4: Occidental Petroleum Corp. (OXY, Financial), Weightings: 7.71% - 212,912 Shares
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 Petroleum Corp. has a market cap of $68.64 billion; its shares were traded at around $84.54 with a P/E ratio of 22.4 and P/S ratio of 4.4. The dividend yield of Occidental Petroleum Corp. stocks is 1.6%. Occidental Petroleum Corp. had an annual average earning growth of 13.6% over the past 10 years.
No. 5: Chesapeake Energy Corp. (CHK, Financial), Weightings: 7.12% - 617,751 Shares
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 Energy Corp. has a market cap of $15.41 billion; its shares were traded at around $23.64 with a P/E ratio of 9.3 and P/S ratio of 2. The dividend yield of Chesapeake Energy Corp. stocks is 1.3%. Chesapeake Energy Corp. had an annual average earning growth of 14.9% over the past 10 years. GuruFocus rated Chesapeake Energy Corp. the business predictability rank of 5-star.
No. 6: SANDRIDGE ENERGY INC (SD, Financial), Weightings: 6.58% - 1,567,860 Shares
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 $1.62 billion; its shares were traded at around $7.7 with a P/E ratio of 9.9 and P/S ratio of 2.7.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and T. Boone Pickens for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
