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2008 Q1 13F-HR Filings: The Speculative Edition

Posted on May 22, 2008

T. Boone Pickens, via BP Capital, was fairly active in adding and building positions. Pickens made headlines earlier this year by predicting a drop in oil prices for the first half of 2008 and then quickly backtracking as oil has smashed through record prices. Here are some highlights from the filing: Reopened a big position in Transocean (RIG) after divesting his RIG/GSF stake last quarter.Like many investors (including myself), Pickens is targeting oilservice and E&P companies more so than integrateds or the refinerswith big interests in Halliburton (HAL), XTO, Schlumberger (SLB) whileselli...

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oil , speculative