After graduating from business school, Leon Cooperman was hired by Goldman Sachs. He joined Goldman Sachs Asset Management as chairman and chief executive officer in 1989. As partner-in-charge of Goldman Sachs’ Investment Research Department, the sudden billionaire spent most of his days. The oil and gas industry is speeding up its recovery efforts. Oil prices are soaring, with a 45 percent increase this year. Leon Cooperman, a former Goldman Sachs executive, launched Omega Advisors, a $3.4 billion hedge fund. Omega Advisors, Leon Cooperman’s investment firm, just released its 13F holdings data for the second quarter of 2020. The billionaire has invested in oil and gas firms and tech heavyweights, including Alphabet Inc., Facebook, and Microsoft Corporation.
Here is Insider Monkey’s list of the 7 oil and gas stocks to buy according to billionaire Leon Cooperman. Cabot Oil & Gas Corporation is based in Houston, Texas, and was founded in 1989. It focuses largely on the Marcellus Shale, with approximately 175,000 net acres in the play’s dry gas window in Susquehanna County, Pennsylvania. Falcon Minerals Corporation is a North American oil and gas company that acquires and owns mineral, royalty, and overriding royalty interests. According to billionaire Leon Cooperman’s recent portfolio assessment, it rates sixth among the seven oil and gas equities to buy. Enterprise Goods Partners L.P. supplies natural gas, natural gas liquids, crude oil, petrochemicals, refined products producers, and customers with midstream energy services. Houston, Texas is the headquarters of the firm, which was created in 1968. According to Leon Cooperman’s newest 13F portfolio, Pioneer Natural Resources Company is the fourth oil and gas company to purchase. The billionaire holds 140,000 shares worth more than $22.7 million in the company. NRG Energy, Inc. is one of the top three oil and gas companies to buy. The billionaire holds 680,000 shares worth more than $27.4 million in the company. For more details, click 7 Oil And Gas Stocks To Buy According To Billionaire Leon Cooperman.
