John Labanowski Is Bullish On Callon Petroleum Company (CPE) & Increases Stake

John Labanowski employs an opportunistic, fundamental approach to investment in his search for investment opportunities in the energy sector:

 “With the emergence of new drilling technologies combined with shifting global demand, the energy industry is undergoing change that we believe will create opportunities for those employing a long and short approach,” Mr. Labanowsky said in a statement in February, 2014.

His top stock pick, according to Brenham’s latest 13F filing is PDC Energy Inc (NASDAQ: PDCE), a Denver-based oil and natural gas company. The fund holds 600,000 shares and had added this position to its portfolio during the first quarter of 2015. The stock is currently trading close to its start-of-the-year level of $42 per share, having reached a high of $61.41 in April. Another important addition to Brenham Capital’s portfolio was Newfield Exploration Co. (NYSE:NFX), with Labanowski having acquired 850,000 shares during the first three months of the year. The stock has gained approximately 13% so far this year, despite the fact that it has been in a slow decline since the April high of $40.27, and is trading at $30.65 as of the moment of this writing.

Disclosure: none.