T Boone Pickens: Spreads His Bets

This is really, really cool.

Just after posting a story about GE "diversifying rapidly into ... oil, guess who else is diversifying ... spreading his bets, as it were?

Yup, America's spokesman for a) Texas wind energy; and, b) for natural gas as the bridge to America's energy future is shuffling his energy bets.

Texas oil billionaire turned wind energy and natural gas proponent T. Boone Pickens was adding to many of his top positions as 2010 closed out, while opening new bets in select energy players.

At the beginning of this year, Pickens predicted that oil will trade over $100 a barrel this year with prices averaging between $110 and $120, resulting in gasoline prices of $4 a gallon. 

According to the article, Pickens added new positions in EOG Resources, National Oilwell Varco, and increasing a large stake in BP, and increasing stakes in Chesapeake Energy, Halliburton, Plains Exploration and Prod, QEP Resources, and Weatherford International.

QEP is a big player in the Bakken, as is EOG, and Halliburton.