This Pickens bloke is obviously switched on ! He has just...

This Pickens bloke is obviously switched on ! He has just invested his hard earned into EOG and blow me down HAL, and CHK. Word on the street is that he tried to get into SSN but found the register was to tightly held,lol. A joke people a joke.

Speaks volumes for the business plan of these 3 companies.Is it because of the future of the US shale ??



Pickens Sees $120 Oil, Shuffles Energy Bets



the tickerspy.com Staff, On Wednesday February 16, 2011, 9:36 am EST



Texas oil billionaire turned wind energy and natural gas proponent T. Boone Pickens was adding to many of his top positions as 2010 closed out, while opening new bets in select energy players.

At the beginning of this year, Pickens predicted that oil will trade over $100 a barrel this year with prices averaging between $110 and $120, resulting in gasoline prices of $4 a gallon. It will be interesting to see whether Pickens' forecast is on target, and in the meantime, a look at his BP Capital Management hedge fund's top-15 U.S.-listed equity holdings from the end of 2010 show where he was placing bets in the three months ended December 31.

Pickens added new positions in EOG Resources (NYSE: EOG - News) and National Oilwell Varco (NYSE: NOV - News), while upping a large stake in BP (NYSE: BP - News) amd also increasing stakes in Chesapeake Energy (NYSE: CHK - News), Halliburton (NYSE: HAL - News), Plains Exploration & Prod (NYSE: PXP - News), QEP Resources (NYSE: QEP - News), and Weatherford International (NYSE: WFT - News).

On the other side of the ledger, Pickens was trimming his stakes in Devon Energy (NYSE: DVN - News) and Suncor Energy (NYSE: SU - News).

http://finance.yahoo.com/news/Pickens-Sees-120-Oil-Shuffles-indie-4289652063.html?x=0&.v=1