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☆ Leon Cooperman remains one of the best-known and most prolific stock pickers
▼ + stars: | 2023-12-27 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Longtime investor Leon Cooperman racked up market-beating returns before closing his hedge fund, and he still remains one of the most influential voices on Wall Street and a prolific stock picker. Cooperman converted his New York hedge fund, Omega Advisors, into a family office in 2018 to manage only his personal wealth. Cooperman recently said he still owns some of his favorite players in the sector, including Canadian companies Tourmaline Oil and Paramount Resources . In 2016, Cooperman and his hedge fund were charged with insider trading in Atlas Pipeline Partners by the U.S. Securities and Exchange Commission. Cooperman, who called the case "extraordinarily abusive," later agreed to a $4.9 million settlement but admitted no wrongdoing.

Persons: Leon Cooperman, Cooperman, bullish Organizations: Omega Advisors, Wall Street, CNBC, Oil, Paramount Resources, Atlas Pipeline Partners, U.S . Securities, Exchange Commission Locations: York

☆ Here are Leon Cooperman's stock picks for playing higher oil prices
▼ + stars: | 2023-09-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

An example of a company in Cooperman's portfolio that is benefiting from higher oil prices is Paramount Resources , which primarily trades in Canada. Omega also owns stock in several U.S. energy companies, including Energy Transfer . The stock has outperformed the energy sector year to date and has a dividend yield of 9.2%. ET YTD mountain Energy Transfer has outperformed the energy sector this year. The stock has fallen about 8.5% this year but sports a dividend yield above 5%.

Persons: Leon Cooperman, Cooperman, Goldman Sachs Organizations: Omega Family, Texas, Omega, Paramount Resources, Energy, DTE Energy, Microsoft, Apollo, Citigroup, Cigna, Fidelis Insurance Locations: U.S, Canada

[1/3] Smoke from the Tantallon wildfire rises over houses in nearby Bedford, Nova Scotia, Canada, May 28, 2023. REUTERS/Eric MartynHALIFAX, May 29 (Reuters) - A wildfire in the eastern Canadian city of Halifax led to mandatory evacuation orders for thousands of homes, with officials saying residents are not allowed to return until advised by municipal authorities. These suburban communities are home to many of the city's workers and are situated about 15 miles from Halifax. The wildfire, aided by strong winds and tinder-dry woods, damaged dozens of homes and also hampered rescue services. But most of those fires have since been brought under control, helping oil and gas production to resume.

☆ Canada PM Trudeau visits Alberta as wildfires rage
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +3 min

[1/4] Smoke rises from the Paskwa Wildfire (HLW030) as it burns near the Wood Buffalo National Park boundary outside Fox Lake, Alberta, Canada May 14, 2023. The first 11 days of May have set seasonal heat records in several parts of Alberta, including Edmonton, according to Environment and Climate Change Canada. By Sunday afternoon, 89 fires were burning across Alberta, with 25 considered out of control and more than 19,000 evacuees. "Our peak burning period, which is when the temperatures are at their highest and the fuels are at their driest, is still in front of us," Alberta Wildfires official Josee St-Onge said at a briefing Sunday afternoon. "It's too soon to say when we're going to see the peak of this wildfire season.

☆ Factbox: Alberta wildfire shuts in at least 145,000 boepd of Canadian production
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

May 8 (Reuters) - Canada's main oil-producing province Alberta on Saturday declared a provincial state of emergency due to wildfires, shutting in at least 145,000 of oil equivalent per day (boepd). Tens of thousands of Albertans have been forced to evacuate their homes as unprecedented wildfires rage on in Alberta. It added that about 50,000 boepd of production has been temporarily curtailed since the evening of May 5. Crescent Point Energy Corp (CPG.TO)Crescent Point said about 45,000 boepd of production in the Kaybob Duvernay region has been temporarily shut in with a plan to restart production once safe and permitted to do so. Vermilion Energy Inc (VET.TO)Vermilion Energy said it had temporarily shut in about 30,000 boepd of production and that it was assessing the risk to its operations.

☆ Alberta wildfire shuts in at least 2% of Canadian energy production
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +4 min

It added that about 50,000 boepd of production has been temporarily curtailed since the evening of May 5. Crescent Point Energy Corp (CPG.TO)Crescent Point said about 45,000 boepd of production in the Kaybob Duvernay region has been temporarily shut in with a plan to restart production once safe and permitted to do so. NuVista Energy Ltd (NVA.TO)The company said it has temporarily shut in and depressured all operations proximal to the ongoing fires in the Grande Prairie region. Vermilion Energy Inc (VET.TO)Vermilion Energy said it had temporarily shut in about 30,000 boepd of production and that it was assessing the risk to its operations. Cenovus Energy Inc (CVE.TO)Cenovus said it has shut-in production and brought plants down in some areas of its conventional business.

☆ Leon Cooperman is bullish on oil and has 20% of his portfolio in energy stocks
▼ + stars: | 2023-04-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Leon Cooperman said Monday oil prices are headed higher on the back of a demand comeback, boosting his energy stock picks. He said he has 20% of his portfolio in energy stocks. The widely followed investor said his two favorite stocks in the sector are Canadian oil and gas producers Paramount Resources and Tourmaline Oil . "It's growing production at 15%," Cooperman said on Tourmaline Oil. Paramount Resources shares are up more than 3% this year, while Tourmaline Oil saw its stock fall more than 17%.

A sale of Westbrick would mark an exit from the Canadian oil and gas production business for KKR. KKR has owned Westbrick for a decade, longer than most of its investments, making a sale logical, one of the sources said. KKR invested C$250 million in Westbrick when it was a smaller producer in 2012. Apart from Westbrick, KKR's other investments in Canada include gas processing assets and a stake in the Coastal GasLink pipeline under construction. "Anyone who knows me knows that Westbrick has been for sale every day since our existence," he told Reuters via email.

☆ Leon Cooperman still sees a recession coming, but he is finding stocks to buy
▼ + stars: | 2022-11-01 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

I find many things to do but I really don't like the S & P that much," Cooperman said. The S & P 500 rallied 8% in October. The widely followed investor said the S & P 500 could tumble to the low 3000s some time next year. The S & P 500 energy sector is the only grouping in the green this year, rallying more than 60%. Cooperman revealed that he owns Canadian oil and gas producer Paramount Resources, and he is not selling energy stocks despite the big runup.

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