Leon Cooperman’s $867 Million Basic Materials Q3 Bets: APL, LINE, SUN, EXXI, ATLS, WMB, RIG, EP, DNR

Wall St. Watchdog reveals information regarding Leon Cooperman’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 11 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $867.301 million.

  • Atlas Pipeline Partners Lp (NYSE:APL): On 06/30/2011, Leon Cooperman reported holding 5,639,218 shares with a market value of $185,868,620. This comprised 4.08% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 5,741,318 shares with a market value of $171,493,173. This comprised 5.08% of the total portfolio. The net change in shares for this position over the two quarters is 102,100. About Company: Atlas Pipeline Partners, L.P. provides natural gas gathering services in the Anadarko and Permian Basins located in the southwestern and mid-continent United States and the Appalachian Basin in the eastern United States. The Company also provides natural gas processing and treating services in Oklahoma and Texas.
  • Linn Energy Llc (NASDAQ:LINE): On 06/30/2011, Leon Cooperman reported holding 4,069,000 shares with a market value of $158,975,829. This comprised 3.49% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 4,047,600 shares with a market value of $144,337,415. This comprised 4.28% of the total portfolio. The net change in shares for this position over the two quarters is -21,400. About Company: Linn Energy LLC is a natural gas exploration and production company.
  • Sunoco Inc. (NYSE:SUN): On 06/30/2011, Leon Cooperman reported holding 2,975,012 shares with a market value of $124,087,748. This comprised 2.73% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 3,209,712 shares with a market value of $99,533,170. This comprised 2.95% of the total portfolio. The net change in shares for this position over the two quarters is 234,700. About Company: Sunoco, Inc. is a petroleum refiner and marketer and chemicals manufacturer with interests in logistics and cokemaking. The Company’s petroleum products include fuels, lubricants, and petrochemicals. Sunoco’s operations are conducted principally in the eastern half of the United States while its coke making operations are in Virginia, Indiana, Ohio and Vitoria Brazil.
  • Energy Xxi (bermuda) Limited – Common Shares (bermuda) (NASDAQ:EXXI): On 06/30/2011, Leon Cooperman reported holding 3,679,638 shares with a market value of $122,237,579. This comprised 2.68% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 3,843,138 shares with a market value of $82,550,602. This comprised 2.45% of the total portfolio. The net change in shares for this position over the two quarters is 163,500. About Company: Energy XXI (Bermuda) Ltd. explores for and produces oil and natural gas. The Company operates along the United States’ Gulf Coast and in the Gulf of Mexico.
  • Atlas Energy L.p. (NASDAQ:ATLS): On 06/30/2011, Leon Cooperman reported holding 3,833,548 shares with a market value of $0. This comprised 0% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 3,957,348 shares with a market value of $73,487,951. This comprised 2.18% of the total portfolio. The net change in shares for this position over the two quarters is 123,800. About Company: Atlas Energy, Inc. is an independent energy company that develops, produces, and transports natural gas and oil in the Appalachian Basin of the United States. The Company’s principal operations include well drilling, as well as gas and oil production. Atlas also provides well services and gas transportation.
  • Williams Companies Inc. (NYSE:WMB): On 06/30/2011, Leon Cooperman reported holding 2,746,608 shares with a market value of $83,084,892. This comprised 1.82% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 3,015,408 shares with a market value of $73,395,031. This comprised 2.18% of the total portfolio. The net change in shares for this position over the two quarters is 268,800. About Company: The Williams Companies, Inc. is an integrated natural gas company that produces, gathers, processes and transports natural gas. The Company’s operations are concentrated in the Pacific Northwest, Rocky Mountains, Gulf Coast, the Eastern Seaboard, and the province of Alberta in Canada.
  • El Paso Corp. (NYSE:EP): On 06/30/2011, Leon Cooperman reported holding 4,152,400 shares with a market value of $83,878,483. This comprised 1.84% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 4,109,700 shares with a market value of $71,837,554. This comprised 2.13% of the total portfolio. The net change in shares for this position over the two quarters is -42,700. About Company: El Paso Corporation operates natural gas pipeline and storage facilities, transports natural gas, and imports liquefied natural gas. El Paso also explores for and produces natural gas. The Company has operations in the United States, Brazil, and Egypt.
  • Transocean Ltd. (NYSE:RIG): On 06/30/2011, Leon Cooperman reported holding 1,119,145 shares with a market value of $72,251,998. This comprised 1.59% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 1,480,045 shares with a market value of $70,657,351. This comprised 2.1% of the total portfolio. The net change in shares for this position over the two quarters is 360,900. About Company: Transocean Ltd. is an offshore drilling contractor. The Company owns or operates mobile offshore drilling units, inland drilling barges, and other assets utilized in the support of offshore drilling activities worldwide. Transocean specializes in technically demanding segments of the offshore drilling business, including deepwater and harsh environment drilling services.
  • Denbury Resources Inc. (NYSE:DNR): On 06/30/2011, Leon Cooperman reported holding 4,107,927 shares with a market value of $82,158,540. This comprised 1.8% of the total portfolio. On 09/30/2011, Leon Cooperman reported holding 3,739,927 shares with a market value of $43,009,161. This comprised 1.28% of the total portfolio. The net change in shares for this position over the two quarters is -368,000. About Company: Denbury Resources Inc. acquires, develops, operates and explores oil, and gas properties, primarily in the Gulf Coast region of the United States.
  • Forest Oil Corp. (NYSE:FST): On 06/30/2011, Leon Cooperman reported holding 0 shares. On 09/30/2011, Leon Cooperman reported holding 1,628,800 shares with a market value of $23,454,719. This comprised 0.7% of the total portfolio. The net change in shares for this position over the two quarters is 1,628,800. About Company: Forest Oil Corporation is involved in the acquisition, exploration, development, production, and marketing of natural gas and crude oil in North American and international locations. The Company’s principal reserves and producing properties are located in the United States, including Alaska, the Gulf of Mexico, Louisiana, Oklahoma, Texas, and Wyoming, and in Canada.

(Note: Data regarding Leon Cooperman’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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