Famous 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)
Coho Capital 2Q20 Commentary: Podcasts, The New Talk Radio
Coho Capital commentary for the second quarter ended June 30, 2020. Q2 2020 hedge fund letters, conferences and more Dear Partners, Coho Capital returned 46.6% during the first half of the year compared to a loss of 3.1% in the S&P 500. Many of our holdings, such as Netflix, Amazon, and Spotify, were perceived beneficiaries Read More
|Ticker||Company||Industry||Shares||Value ($1000)||% Weighting as of
|Share # Change
from Last Period
|Trade Impact to Portfolio (%)||Holding History|
|XCO||EXCO Resources||Oil & Gas Producers||21,000,000||433,860||30.1%||+32.22%||+7.33%||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: