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Latest Pickens' Energy Picks



June 21, 2011 – Comments (0) | RELATED TICKERS: CNQ , APA , WFT

T. Boone Pickens latest energy  stock picks have been made public. Want to stay on top of your investment game? These picks may help you do that. Some of these picks have remained the same, and other have changed. Either way, they could be great moves for your portfolio. Investment Underground provides details about Pickens’ latest picks.


 "Apache Corp. (APA): The biggest new buy for BP Capital in Q1 of 2011, Apache suddenly accounts for 5.6% of Pickens’ entire portfolio. Apache is one of the largest independent oil and gas exploration and production companies in the world, with a diverse set of assets both on- and offshore in numerous countries around the world. The company has a market cap of $45B and offers a 0.50% dividend. From a fundamental standpoint, Apache looks like an outstanding stock: It is trading at a P/E of 12.7, with an operating margin over 43% and nearly $10B in EBITDA. All of these numbers are very strong compared to the competition. The company does have a decent amount of debt, with a current ratio right at 1, but otherwise appears strong.


Canadian Natural Resources (CNQ): Another independent oil and gas company, another large new buy for Pickens in Q1 of 2011. This time, it’s Canadian Natural Resources, whose market cap of $44.14B makes it similar to Apache. It also offers a 0.9% dividend. Pickens bought almost 300,000 shares in Canadian Natural Resources, bringing the holding up to over 4% of his portfolio. As you would expect, this Calgary-based company has lots of assets in Canada, but also in the North Sea and off the coast of West Africa. Unfortunately for Canadian Natural Resources, its Q1 profits fell 94% in 2011, mainly due to a fire at the Horizon oil sands and a higher tax rate in the U.K. Forest fires in the area have also pushed back repairs at the Horizon site, meaning that a restart will be pushed back to August. Canadian Natural Resources is only down a little for the 2011, but is down almost 20% since April." 


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