T. Boone Pickens Is Bullish on These 5 Energy Stocks

By Larry Gellar, One of the more notorious corporate raiders during the 1980s, T. Boone Pickens is now the chairman of BP Capital Management. He is particularly known for making his fortune from oil company acquisitions. Let’s take a look at his 5 of his latest buys. EOG Resources, Inc. (EOG) – Although EOG is up year-to-date, the stock is not quite trading at the $110 to $120 range it was earlier in the spring. Regardless, the company still has had a number of positive headlines. The company predicts strong growth for 2011, and dividends were increased for the 12th time in 12 years. Financial success aside, EOG Resources was also named one of Fortune’s 100 Best Companies to Work For. Of course though, EOG’s future prospects will be highly dependent on the price of oil. Oil prices have been shaky as of late due to uncertainty surrounding the U.S. debt ceiling and the eurozone’s fiscal problems, but it is hard to imagine oil prices going much lower. With Saudi Arabia increasing production and the International Energy Agency having already put out some strategic reserves, it seems unlikely that supply can go up further. Keep in mind that EOG’s focus on oil over natural gas has been increasing recently,…