Few people have made more money in oil than T. Boone Pickens. The billionaire oil tycoon grew up in Oklahoma during the Great Depression. From those humble beginnings, he went on to make a fortune in the energy patch. In the 1960s, Pickens got his start as a wildcatter. He branched out into different activities over the following years, working both as a corporate raider in the 1980s and hedge fund manager at BP Capital, LP. For this reason, I always watch where Pickens puts fresh money to work. And right now, he’s betting on pipelines.
Over the past year, Pickens has quietly bought up stakes in a number of partnerships, like Phillips 66 Partners LP (NYSE:PSXP), Energy Transfer Partners LP (NYSE:ETP), and Magellan Midstream Partners, L.P. (NYSE:MMP). He’s also backing up the truck on a new position. Last quarter, Pickens upped his position in Shell Midstream Partners LP (NYSE:SHLX). As of the last filing, his hedge fund now owns over 250,000 units in the operation. Investors should take note. Pipelines represent a backdoor play on the nation’s oil boom, to begin with. New technologies have unlocked vast quantities of oil and natural gas, even at today’s low energy prices.
Source: Income Investors
Related Articles:
- To Infinity and Beyond!
- 6 Dividend Growth Stocks With A Low P/E
- Rising Dividends = Rising Returns
- High-Yield, High-Return Investments To Increase Income While Waiting On Dividend Growth
- Illinois Tool Works Inc. (ITW) Dividend Stock Analysis
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
For long-term performance, investors should consider pivoting their portfolios toward stocks that deliver high and growing dividend payouts,...
-
Finding great long-term investments that will pay you dividends for years to come isn't always easy. Plenty of stocks offer high yields,...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
Dividend investors often get stuck with popular names in their portfolio, perhaps because these stocks are so often talked about that there&...
-
Any company that can double its dividend over a five-year stretch is delivering rapid payout growth. To reach that target, the company would...
-
Talk to the average financial advisor, and they’ll say there’s no way to earn a safe 12% yield on your investment these days. After all, ban...
-
By any measure the stock market is overbought. With yields still at historic lows despite the increases in the federal funds rate, and the p...
-
Buying and holding great dividend stocks is a fantastic way for patient investors to achieve outsize returns over the long run. But not ever...
-
Dividend payers have long had a reputation as stodgy companies that can pay a reliable income but whose stocks don't move too fast. Here...
0 comments
Post a Comment
Post a Comment