Heebner: Focused on Energy
By Janet Paskin

(MONEY Magazine) – • THE ENERGY sector's three-year run-up has a lot of former bulls taking profits and looking elsewhere. Yet well-known contrarian Ken Heebner, manager of CGM Focus fund (CGMFX), is still buying. More than 60% of his fund is devoted to the sector, up from 46% at the end of March. Crazy? Well, Heebner has had big bets pay off well in the past--he dived into home builders in 2001 and made a killing before bailing early last year. He believes foreign demand will push oil prices higher. "There's not enough supply," he says. Heebner likes producers such as Amerada Hess (AHC) and oil service firms like Baker Hughes (BHI).

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.