Following up on the last post regarding peak oil and the demise of easy oil, today’s Wall Street Journal has several articles spotlighting the plight of oil majors:
BP Taps Deep Water To Grow
BP Sambas Up with Devon Deal
Exxon Output Gains Pose Risks to Margin
While the details differ, the general theme remains the same — oil [...]
Boone Pickens’ recent investment hiccups have been well-publicized. A few months back, Pickens appeared on CNBC and disclosed that he had moved BP Capital almost entirely to cash. As you can see in the spreadsheet view, he wasn’t exaggerating. Still, Pickens found did retain and open a few positions:
Pickens bought new stakes into Chesapeake Energy [...]
Painful as it was, 2008 was an invaluable learning experience. That may be a gross understatement. The investment turbulence of 2008 may have been a formative experience — one of those events that truly molds people and perspectives for a lifetime. That I managed to only lose -15% vs. a 39% drop in the S&P [...]
I got a reader email asking about Devon Energy (DVN):
> I have enjoyed your site and updates for sometime, I find them quite
> educational. It has been a while since I had a chance to look @ your
> updated portfolio (too busy trying to keep my own out of the weeds )I
> noticed [...]
Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc.
THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET
Enlightened-American Portfolio: -0.4% YTD (including dividends)
DJIA: -18.2%
Nasdaq: -21.5%
S&P 500: -20.7%
DJ WIlshire 5000: -20.0%
Reuters 2000 (smallcap): -11.3%
The Wintergreen Fund, managed by David Winters, was fairly steady judging from its 13F filing. My spreadsheet is a little off as it seems some of the CUSP IDs were changed from last quarter so disregard the new positions shown in GLD & CNQ.
Winters opened only 1 new position, eBay. I’ve seen some [...]
