Yahoo Finance Prem Watsa Buys All Oil and Gas Stocks in Q1
Prem Watsa (Trades, Portfolio), known as the "Warren Buffett (Trades, Portfolio) of Canada" because he invests the float of his growing insurance conglomerate, Fairfax Financial (FFH.TO), with similar principles, has released his first-quarter investing information.
Watsa purchased four new stocks - twice as many as last quarter - and all of them came from the oil and gas sector. Together with the new stocks Watsa holds 43 positions, valued at $1.4 billion.
Energy remains a medium-sized portion of his portfolio as the third greatest sector represented at 8.9%. The next largest are basic materials at 35.4% and technology at 44.7%.
The new buys were: Dresser-Rand Group Inc. (DRC), Talisman Energy Inc. (TLM), Atwood Oceanics Inc. (ATW) and Helmerich & Pain Inc. (HP).
Dresser-Rand Group Inc. (DRC)
Watsa purchased 16,200 shares of Dresser-Rand Group, a 0.09% portfolio holding. The stock's price averaged $81 in the first quarter.
Dresser-Rand Group Inc. is a Delaware corporation formed in October 2004. Dresser-rand Group Inc. has a market cap of $6.48 billion; its shares were traded at around $84.24 with a P/E ratio of 79.0 and P/S ratio of 2.5. Dresser-rand Group Inc. had an annual average earnings growth of 14.3% over the past 10 years. GuruFocus rated Dresser-rand Group Inc. the business predictability rank of 2-star.
Talisman Energy Inc. (TLM)
Watsa purchased 58,500 shares of Talisman Energy, a 0.03% portfolio holding. The stock's price averaged $8 for the quarter.
Talisman Energy Inc. was incorporated under the Canada Business Corporations Act in Canada on Dec. 14, 1982. Talisman Energy Inc. has a market cap of $8.26 billion; its shares were traded at around $7.99 with and P/S ratio of 2.40. The dividend yield of Talisman Energy Inc. stocks is 3.9%.
Atwood Oceanics Inc. (ATW)
Watsa purchased 8,000 shares of Atwood Oceanics, a 0.02% portfolio holding. The stock's average price was $30.
Atwood Oceanics Inc. was organized in 1968 as a Texas corporation and commenced operations in 1970. Atwood Oceanics Inc. has a market cap of $2.17 billion; its shares were traded at around $33.53 with a P/E ratio of 6.30 and P/S ratio of 1.70. The dividend yield of Atwood Oceanics Inc. stocks is 0.70%. Atwood Oceanics Inc. had an annual average earnings growth of 25.0% over the past 10 years. GuruFocus rated Atwood Oceanics Inc. the business predictability rank of 3-star.
Helmerich & Pain Inc. (HP)
Watsa purchased 3,157 shares of Helmerich & Pain, a 0.02% portfolio holding. The stock's price averaged $65 in the quarter.
Helmerich & Payne Inc. was incorporated under the laws of the State of Delaware on Feb. 3, 1940, and is successor to a business originally organized in 1920. Helmerich & Payne Inc. has a market cap of $8 billion; its shares were traded at around $74.28 with a P/E ratio of 11.40 and P/S ratio of 2.10. The dividend yield of Helmerich & Payne Inc. stocks is 3.7%. Helmerich & Payne Inc. had an annual average earnings growth of 21.80% over the past 10 years. GuruFocus rated Helmerich & Payne Inc. the business predictability rank of 3.5-star.
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This article first appeared on GuruFocus.
