The Complete User’s Guide to T. Boone Pickens’ Portfolio

T. Boone Pickens is perhaps the world’s greatest oil investor. He’s been drilling for oil, buying oil companies and running oil-based hedge funds since 1951 and right now he’s saying oil will top last year’s high of $78.80 and break through $80. “You will have to stop the demand with price,” he said at a recent Milken Conference.

Pickens believe that Peak Oil, the point after world oil production reaches maximum output, will occur sooner than later. In his fund, BP Capital — which tripled in 2005 and rose 30% in 2006 — he picks stocks that he feels will rise dramatically due to higher oil. He likes offshore drillers, alternative energy, nuclear power, natural gas, and oil. At Stockpickr.com we keep track of all of Pickens’s holdings (see link on the right).

What makes Pickens great to follow is that his investments are long-term and consistent with a single theme. He’s not actively trading these but building positions for the long-term as he sees increased demand for oil from the developing global economy, overwhelming the soon-to-be limited supply.

Stockpickr.com