Seeking Alpha
  • Mercy Jimenez
    Pickens goes on selling spree of BP, SLB, HAL, WFT and SU; while Buffett picked up some of the NOV he sold http://bloom.bg/PbeaKi
    8/14/12
    Reply (5)
    • Bob de'Long: Oilfield services are too cyclical. They have greating expanded in last 3 years. They also have international risk.
      8/14/12
    • FocalPoint Analytics: I can see moving out of energy on a recession call, but he is also buying NOV. Not sure what to make of his motive.
      8/15/12
    • Mercy Jimenez: Pickens reduced holdings in NOV; Buffett added NOV and Phillips 66.
      8/15/12
    • FocalPoint Analytics: Ahh missed that. So he is reducing energy holdings.
      8/15/12
    • Stephen J Melnykevich: Wonder why Pickens dropped BP. Looks to be a good long term hold, what are your thoughts?
      8/15/12