Carl Icahn Gets More Into Energy Stocks (BP, CHK, APC, ESV, NRG)

Carl Icahn is known for many things, particularly when it comes to shaking companies up.  A theme throughout Icahn’s newest holdings as of June 30 was an increase in the energy sector.  Icahn owns no BP plc (NYSE: BP) shares per his latest 13-F filing, but the BP spillover, no pun intended, did bring down many solid energy companies and it seems that Icahn decided to use the second quarter’s falling share prices in the sector as a catalyst to acquire more shares.

Chesapeake Energy Corporation (NYSE: CHK) was a large increase.  The March 31 position of roughly 2.1 million shares was boosted up to 12.739 million shares.

Anadarko Petroleum Corporation (NYSE: APC) was a 2 million share stake, which was new in the quarterly reports.  Another add was a position of 200,000 ADRs of Ensco PLC (NYSE: ESV).  Ensco is an offshore contract drilling services outfit for the oil and gas industry.

NRG Energy, Inc. (NYSE: NRG) was a new stake at 2.37 million shares, although it is on the power generation side of the equation.

Icahn is known for sometimes loud entrances and quiet exits, so who knows if he has gotten deeper into these companies since the June 30 close-out date.

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JON C. OGG