willbur ross investment portfolioFamous investor Wilbur Ross was on Bloomberg TV discussing the process of fracking to search for shale oil and natural gas. Ross is investing in shale gas and thinks it is a great energy source, he sees companies in the industry as potentially attractive. I could not agree more with Ross on this point (although I would and do post opposing views).

Below are Wilbur’s top holdings (data from Guru Focus)

 

Ticker Company Industry Shares Value ($1000) % Weighting as of
2011-03-31 
Share # Change
from Last Period
Trade Impact to Portfolio (%) New!
Holding History
XCO EXCO Resources Oil & Gas Producers 21,000,000 433,860 30.1% +32.22% +7.33% History
BKU BankUnited others 13,721,131 393,934 27.33% New Buy +27.33% History
AGO Assured Guaranty Ltd. Insurance 16,016,396 238,644 16.56% 0 0 History
ICO INTERNATIONAL COAL GROUP INC. Basic Resources 12,268,723 138,637 9.62% 0 0 History
CACB Cascade Bancorp Banks 11,468,750 75,694 5.25% New Buy +5.25% History
SNBC Sun Bancorp Inc. Banks 18,655,114 64,920 4.5% +49.61% +1.49% History

Ross thinks the “greenies need to learn that electricity does not live in walls”. He says fracking can be made safe, and discusses using cement plugs to prevent pollution of water. He says although black swan events happen with fracking they happen with everything, one can get killed crossing the road any day.

Below is the video: