Showing posts with label Suncor. Show all posts
Showing posts with label Suncor. Show all posts

Thursday, July 19, 2012

What is T. Boone Pickens Buying?

Crude oil may have sold off hard recently, but billionaire investor T. Boone Pickens still loves energy stocks. After all, he made his fortune by investing in energy, so he knows a thing or two about picking winners among the oil, natural gas and power producers. Recently, BP Capital released its holdings as of March 31, 2012 in a 13F filing. Let’s take a closer look at some of its most bullish bets.



Top 10 Holdings

Company Ticker Value ($000s) Activity
BP PLC BP 20,345 12%
ENCANA CORP ECA 18,392 New
NATIONAL OILWELL VARCO INC NOV 14,262 0%
DEVON ENERGY CORP NEW DVN 13,513 36%
TRANSOCEAN LTD RIG 13,068 47%
CHESAPEAKE ENERGY CORP CHK 11,563 -12%
WEATHERFORD INTL LTD NEW WFT 10,489 35%
SANDRIDGE ENERGY INC SD 9,250 0%
DAWSON GEOPHYSICAL CO DWSN 8,426 0%
SUNCOR ENERGY INC NEW SU 7,063 0%
Encana Corp (ECA) is a new position in BP’s portfolio – the fund did not report owning any shares of Encana at the end of 2011 – but it is one of its largest holdings. During the first quarter of 2012, BP initiated a new position in the company worth $18 million. A few other hedge funds also have Encana in their 13F portfolios. At the end of last year, there were 19 hedge funds reported to own this stock. Steven Cohen’s SAC Capital Advisors had nearly $100 million invested in Encana at the end of last year. Martin Whitman and Ken Griffin are also bullish about this stock. See chart below.
Pickens likes Devon Energy Corp (DVN) as well. The stock is the fourth largest position in his latest 13F portfolio. Pickens boosted his stakes in Devon by 36% over the first quarter to $190 million. Devon is also quite popular amongst the other hedge funds we track. There were 32 hedge funds with positions in Devon at the end of last year. Devon has also shifted its focus from natural gas to oil and natural gas liquids. We think Devon is well positioned to benefit from the higher margins of liquids.  See chart below. 
Of course, just because BP Capital is natgas and alternative energy-heavy doesn’t mean that Boone Pickens’ fund is eschewing traditional oil firms. His fund picked up 188,000 shares of Valero Energy (VLO) last quarter, building up a $5 million stake in the country’s largest independent oil refiner. Valero has the capacity to process more than 2.8 million barrels of crude per day through its 14 refineries, in addition to a massive ethanol business and a 1,000-unit gas station business. See Chart below.


Pickens stuck to his strong suit in energy with new picks Encana (ECA), Calpine (CPN), Exelon (EXC), Valero (VLO), and NRG Energy (NRG). He also added to BP Plc (NYSE:BP), Devon Energy (NYSE: DVN), Transocean, and Weatherford International LTD
Other large positions in Pickens’ portfolio are BP Plc (BP), National Oilwell Varco Inc (NOV), and Transocean Ltd (RIG). Pickens did not increase or decrease his stakes in National Oilwell. He increased his BP position by 12% and his Transocean position by 47% over the first quarter. All of these stocks have attractive valuation levels, especially BP. It is currently trading at only 5.6x its 2013 earnings and has a dividend yield of 5.12%. 
BP is the most popular oil company among hedge funds, followed by Exxon Mobil. Value investor Seth Klarman had a $400+ million position in the stock at the end of the first quarter. Billionaires Ken Fisher and Ken Griffin are among the fund managers with large XOM positions. They both boosted their stakes in XOM during the first quarter. See chart below.

Posted courtesy of  Turn Key Oil.Com


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Monday, August 15, 2011

Barclays' Favorite Oil Companies

From Barclays Capital's "Global Energy Outlook" report published on Aug. 11, 2011, the following exploration, production, integrated oil and refining companies are ranked overweight with a positive sector outlook. Barclays' energy experts are bullish on oil long-term and that could help out the equities of the following 10 undervalued names.



Chevron (CVX) is one of Barclays' favorite big oil overweights. Price target: $135. Upside potential: 45%.

Hess Corporation (HES) is trading under 7 times forward earnings. Barclays price target: $108. Upside potential: 93%.

Murphy Oil Corp (MUR) is mainly U.S. dependent. But Barclays likes them. Price target: $77. Upside potential: 49%.

Canada's Imperial Oil (IMO) has a price target of $57 with a potential upside of 44%, according to Barclays' estimates.

Sunoco (SUN) is a household name in the U.S. And the bain of the average America's existence when gasoline prices hit $4 a gallon. Barclays price target: $54. Upside potential: $74.

Tesoro (TSO) is a national refiner headquartered in Texas. Barclays price target: $38. Upside potential: 95%.

Headquarterted in the UK, Afren PLC (LON: AFR) drills for oil off the coast of Africa. Barclays price target: $200. Upside potential: 111%.

BowLeven (LON: BLVN) is another UK based oil and gas exploration and production company with most of its assets off coastal Africa. Barclays price target: $515. Upside potential: 312%.

Max Petroleum (LON: MXP) explores and produces oil in Kazakhstan. Is nice! Barclays price target: $45. Upside potential: 275%.

Premier Oil (LON: PMO) maintains oil and gas exploration and production ops in the North Sea and on land in Pakistan and the Middle East. Barclays price target: $631. Upside potential: 86%.

Posted courtesy of Forbes.Com

Sunday, May 31, 2009

Crude Oil Market Winners For This Week

~~~~Company~~~~~~~~~Friday's Close~~~~~%Gain Based on 2 Days
1. Hess Corporation.......65.65...................6.96..........
2. Marathon Oil............31.01...................6.05..........
3. Husky Energy...........33.89...................5.25..........
4. Petro-Canada...........48.49...................4.82..........
5. Suncor...................34.82...................4.75..........

Current Futures Prices Click Here

Monday, March 23, 2009

Suncor To Buy Petro-Canada, Crude Oil Up Sharply On Fed Plan and Stock Rally


"Suncor To Buy Petro-Canada For $15 Billion Of Stock"
Suncor Energy Inc. (SU) said Monday it will acquire Petro-Canada (PCZ) for about $15 billion in stock as the two oil-sands companies bulk up to cut costs in the face of lower oil prices and a slowing world economy....Complete Story

"Crude Up Sharply As Stock Markets Rally"
U.S. crude oil futures rose on Monday, jumping above $53 a barrel as Wall Street and global stock markets rallied on a U.S. plan to buy up so-called toxic assets to tidy up bank balance sheets....Complete Story

"Schlumberger Says Another Round of Layoffs Coming"
Schlumberger is preparing for its second round of layoffs this year amid a global downturn in oil and gas activity that also has also pushed rivals to cut jobs....Complete Story

"Russia Sees No Economic Reason to Join OPEC, Energy Minister Shmatko Says"
Russia Energy Minister Sergei Shmatko said his country has no economic reason to join OPEC at the moment as the national oil industry already responds to market signals....Complete Story
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