(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).