Steve Cohen and SAC Capital’s Favorite Energy Stock Investments

With the markets trading flat this morning, Wall St. Watchdog reveals information about SAC Capital’s top investments in the Energy sector:

  • Plains Exploration & Production Company (NYSE:PXP): On 3/31/11 SAC Capital reported holding 4,984,783 shares with a market value of $180,598,686. This comprised 1.38% of the total portfolio. On 6/30/11, SAC Capital held 4,983,931 shares with a market value of $189,987,444. This comprised 1.37% of the total portfolio. The net change in shares for this position over the two quarters is -0,852. About the company: Plains Exploration & Production Company is an independent oil and gas company with onshore and offshore operations in California, West Texas, East Texas and the Gulf Coast region. The Company is primarily involved in the upstream activities of acquiring, exploiting, developing, and producing oil and gas.
  • Suncor Energy, Inc. (NYSE:SU): On 3/31/11 SAC Capital reported holding 461,384 shares with a market value of $20,688,459. This comprised 0.16% of the total portfolio. On 6/30/11, SAC Capital held 4,858,603 shares with a market value of $189,971,370. This comprised 1.37% of the total portfolio. The net change in shares for this position over the two quarters is 4,397,219. About the company: Suncor Energy, Inc. is a integrated energy company focused on developing the Athabasca oil sands basin. The Company extracts and upgrades oil sands into refinery feedstock and diesel fuel, explores for, develops and produces natural gas, refines crude oil and markets a range of petroleum and petrochemical products, and operates crude oil pipelines and retail petroleum stations.
  • Weatherfod International, Ltd. (NYSE:WFT): On 3/31/11 SAC Capital reported holding 206,939 shares with a market value of $4,676,821. This comprised 0.04% of the total portfolio. On 6/30/11, SAC Capital held 9,366,954 shares with a market value of $175,630,388. This comprised 1.27% of the total portfolio. The net change in shares for this position over the two quarters is 9,160,015. About the company: Weatherford International Ltd. provides equipment and services used for the drilling, completion, and production of oil and natural gas wells. The Company offers drilling and intervention services, completion systems, artificial lift systems, and compression services. Weatherford conducts operations in substantially all of the oil and natural gas producing regions in the world.
  • Ensco plc (NYSE:ESV): On 3/31/11 SAC Capital reported holding 1,433,188 shares with a market value of $82,895,594. This comprised 0.63% of the total portfolio. On 6/30/11, SAC Capital held 3,001,435 shares with a market value of $159,976,483. This comprised 1.16% of the total portfolio. The net change in shares for this position over the two quarters is 1,568,247. About the company: Ensco PLC is an international offshore contract drilling company. The Company’s operations are concentrated in the geographic regions of Asia Pacific (which includes Asia, the Middle East, Australia and New Zealand), Europe/Africa and North and South America.
  • Valero Energy Corp. (NYSE:VLO): On 3/31/11 SAC Capital reported holding 2,756,508 shares with a market value of $82,199,068. This comprised 0.63% of the total portfolio. On 6/30/11, SAC Capital held 5,474,169 shares with a market value of $139,974,500. This comprised 1.01% of the total portfolio. The net change in shares for this position over the two quarters is 2,717,661. About the company: Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products as well as diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates.
  • Anadarko Petroleum Corporation (NYSE:APC): On 3/31/11 SAC Capital reported holding 1,052,845 shares with a market value of $86,249,060. This comprised 0.66% of the total portfolio. On 6/30/11, SAC Capital held 1,445,639 shares with a market value of $110,967,253. This comprised 0.80% of the total portfolio. The net change in shares for this position over the two quarters is 392,794. About the company: Anadarko Petroleum Corporation is an independent oil and gas exploration and production company with international operations. In the United States, the Company operates in Texas and surrounding states, the Rocky Mountain region, Alaska, and the Gulf of Mexico. Internationally, Anadarko has exploration and/or production operations in Africa, Asia, South America, and the Caribbean.
  • Hess Corporation (NYSE:HES): On 3/31/11 SAC Capital reported holding 195,226 shares with a market value of $16,635,207. This comprised 0.13% of the total portfolio. On 6/30/11, SAC Capital held 1,318,910 shares with a market value of $98,601,714. This comprised 0.71% of the total portfolio. The net change in shares for this position over the two quarters is 1,123,684. About the company: Hess Corporation is a global integrated energy company. The Company explores for, produces, markets, and refines crude oil and natural gas. The Company operates in countries that include Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Peru, Russia, Thailand, the United Kingdom and the United States.
  • Forest Oil Corp. (NYSE:FST): On 3/31/11 SAC Capital reported holding 1,498,362 shares with a market value of $56,683,037. This comprised 0.43%  of the total portfolio. On 6/30/11, SAC Capital held 3,628,001 shares with a market value of $96,903,903. This comprised 0.70% of the total portfolio. The net change in shares for this position over the two quarters is 2,129,639. About the 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.
  • Baker Hughes Incorporated (NYSE:BHI): On 3/31/11 SAC Capital reported holding 1,009,971 shares with a market value of $74,162,171. This comprised 0.57% of the total portfolio. On 6/30/11, SAC Capital held 1,282,833 shares with a market value of $93,082,359. This comprised 0.67% of the total portfolio. The net change in shares for this position over the two quarters is 272,862. About the company: Baker Hughes Incorporated supplies reservoir-centered products, services, and systems to the worldwide oil and gas industry. The Company provides products and services for oil and gas exploration, drilling, completion, and production. Baker Hughes also manufactures and markets a variety of roller cutter bits and fixed cutter diamond bits.
  • Schlumberger Limited (NYSE:SLB): On 3/31/11 SAC Capital reported holding 16,843 shares with a market value of $1,570,778. This comprised 0.01% of the total portfolio. On 6/30/11, SAC Capital held 955,143 shares with a market value of $82,524,357. This comprised 0.60% of the total portfolio. The net change in shares for this position over the two quarters is 938,300. About the company: Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.

(Note: Data on SAC Capital’s holdings are sourced from whalewisdom.com.  All data are assumed to be accurate.)

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