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EnvestorFirst (< 20)

Addictive Energy Stocks, According to T.Boone Pickens



June 15, 2011 – Comments (4) | RELATED TICKERS: APA , EOG , NE

T. Boone Pickens has been in the oil business for long enough to know which stocks he likes. I am sure many investors out there have their favorite picks, but taking a note or two from Pickens probably wouldn’t hurt.  Investment Underground has narrowed down a few of T. Boone’s favorites, check ‘em out.


 "Apache Corporation (APA): This is a new position for Pickens. He added shares at the average price of $121.61 during the reporting period.Apache is one of the largest independent exploration and production companies in the world with plays throughout North America, and oil and gas projects in Egypt, Australia, Argentina and the U.K.


 EOG Resources (EOG): Pickens has picked up shares of EOG during the last two reporting periods. He currently holds a little than 400,000 shares. The Houston-based oil company focuses on exploration and production of oil and natural gas, primarily in North America. Shares trade at $107.67 at the time of writing, with a 52-week range from $85.03 to $121.37. With a market cap of $28.9 billion, EOG is no small company, and buyers face a high barrier to entry. However, for the 12th straight year, EOG approved an increase in its common stock dividend for 2011, which will grow 3% to $0.64 per share (or 0.60%). The company reported a net income of $160.7 million for FY 2010, down considerably from last year’s $546.6 million total, although revenue generated from liquids surpassed those from natural gas for the first time in the company’s history."


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4 Comments – Post Your Own

#1) On June 15, 2011 at 3:07 PM, awallejr (35.81) wrote:

Sdrl, atpg, bbep, pvr are mine.

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#2) On June 15, 2011 at 3:16 PM, mm5525 (< 20) wrote:

EP is mine. Plus, they're getting ready to spinoff the e&p side by the end of the year to get more value out of both the midstream and the e&p. The old mistream e&p will be remain EP and will have a $0.60 yearly dividend. I wonder what they will call the spinoff e&p side?  

I considered getting in on EOG about a year ago when I first started hearing about how they were all over the Bakken. I should have done it.

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#3) On June 15, 2011 at 6:03 PM, motleyanimal (39.38) wrote: money, mo money, mo money.

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#4) On June 16, 2011 at 10:58 AM, EnvestorFirst (< 20) wrote:

You are right about EOG and the Bakken. I have been watching the shale plays pretty closely, hense the reason EOG initially sparked my interest.

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