(Source: Tulsa World)
T. Boone Pickens, the billionaire energy investor, increased
stakes in U.S. natural-gas producers and added companies such as
McMoRan Exploration Co. and SandRidge Energy Inc. to his portfolio.
Pickens' BP Capital Management LP said its holdings now include
at least 1 million shares each of SandRidge and McMoRan, according
to a public filing. Pickens also reported stakes in Gastar
Exploration Ltd., Hess Corp. and Weatherford International Ltd.
BP Capital increased stakes in such companies as Anadarko
Petroleum Corp., Cabot Oil & Gas Corp., Chesapeake Energy Corp.,
Devon Energy Corp. and Forest Oil Corp. during the three-month
period that ended Sept. 30, according to the filing. Anadarko,
Chesapeake and Devon were among the top five producers of gas in the
U.S. in the first half of this year, according to the Natural Gas
Supply Association.
The value of Pickens' equity holdings climbed to $185.5 million
as of Sept. 30, from $85.5 million on June 30, according to Monday's
filing.
Originally published by Staff and Wire Reports.
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