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)

 

TickerCompanyIndustrySharesValue ($1000)% Weighting as of
2011-03-31 
Share # Change
from Last Period
Trade Impact to Portfolio (%)New!
Holding History
XCOEXCO ResourcesOil & Gas Producers21,000,000433,86030.1%+32.22%+7.33%History
BKUBankUnitedothers13,721,131393,93427.33%New Buy+27.33%History
AGOAssured Guaranty Ltd.Insurance16,016,396238,64416.56%00History
ICOINTERNATIONAL COAL GROUP INC.Basic Resources12,268,723138,6379.62%00History
CACBCascade BancorpBanks11,468,75075,6945.25%New Buy+5.25%History
SNBCSun Bancorp Inc.Banks18,655,11464,9204.5%+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: