Pickens Sells Stakes in Devon, Cabot Oil, While Buying Halliburton Shares
T. Boone Pickens, the billionaire energy investor, sold 21.1 million shares in Devon Energy Co. and 14 million shares of Cabot Oil & Gas Corp. during the first quarter.
Pickens’s BP Capital Management LP bought new stakes in Halliburton Co., Dawson Geophysical Co. and Baker Hughes Inc., according to a public filing. As of March 31, the company had maintained its 345,980 shares of Transocean Ltd., the owner and operator of an oil rig leased to BP Plc that exploded off the coast of Louisiana last month.
To contact the reporter on this story: Rob Williams in New York at firstname.lastname@example.org