Deep Basin Capital LP
Follow13F filer, CIK 1719655, STAMFORD, CT
Deep Basin Capital LP reported $1,266,330,000 across 53 holdings for the quarter ended 2019-09-30, in a 13F-HR filed 2019-11-14. Its ten largest share positions make up 52.57% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000950123-19-011347
- Period
- 2019-09-30
- Reported value
- $1.27B
- Holdings
- 53
- Top 10 weight
- 52.57%
- New
- 20
- Sold out
- 15
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| OXYadded | +934,884 | $41.6M |
| CALLON PETE CO DELnew | +7,058,292 | $30.6M |
| EQNRnew | +1,568,106 | $29.7M |
| PIONEER NATURAL RESOURCES COnew | +233,499 | $29.4M |
| BPadded | +521,404 | $19.8M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| WPX ENERGY INCreduced | -6,120,760 | -$64.8M |
| SUreduced | -1,904,253 | -$60.1M |
| Concho Resources Inc.exited | -475,533 | -$49.1M |
| CVXexited | -374,377 | -$46.6M |
| PAGPreduced | -1,674,010 | -$35.5M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q3 2019
Share positions as resolved from 13F-HR 0000950123-19-011347, largest first. % of portfolio is the value over $845,987,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| CIMAREX ENERGY CO COMCIMAREX ENERGY CO COM | 1,405,250 | $67.4M | 7.96% | +280,089 | |||
| JAGGED PEAK ENERGY INCJAGGED PEAK ENERGY INC | 8,517,283 | $61.8M | 7.31% | +671,616 | |||
| PAGPPLAINS GP HLDGS L P | 2,775,698 | $58.9M | 6.97% | -1,674,010 | Timeline | ||
| OXYOCCIDENTAL PETE CORP | 1,132,155 | $50.3M | 5.95% | +934,884 | Timeline | ||
| BPBP PLC | 1,108,490 | $42.1M | 4.98% | +521,404 | Timeline | ||
| LNGCHENIERE ENERGY INC | 595,326 | $37.5M | 4.44% | -211,356 | Timeline | ||
| CTRACOTERRA ENERGY INC | 2,015,355 | $35.4M | 4.19% | -929,563 | Timeline | ||
| TRGPTARGA RES CORP | 768,204 | $30.9M | 3.65% | +203,172 | Timeline | ||
| CALLON PETE CO DELCALLON PETE CO DEL | 7,058,292 | $30.6M | 3.62% | new | |||
| EQNREQUINOR ASA | 1,568,106 | $29.7M | 3.51% | new | Timeline | ||
| PIONEER NATURAL RESOURCES COPIONEER NATURAL RESOURCES CO | 233,499 | $29.4M | 3.47% | new | |||
| EOGEOG RES INC | 393,721 | $29.2M | 3.45% | -225,627 | Timeline | ||
| EQTEQT CORP | 2,741,238 | $29.2M | 3.45% | +334,657 | Timeline | ||
| CONTINENTAL RES INCCONTINENTAL RES INC | 940,014 | $28.9M | 3.42% | -202,352 | |||
| COPCONOCOPHILLIPS | 499,203 | $28.4M | 3.36% | -61,583 | Timeline | ||
| SRC ENERGY INCSRC ENERGY INC | 5,581,952 | $26M | 3.07% | -1,877,057 | |||
| DVNDEVON ENERGY CORP NEW | 1,034,236 | $24.9M | 2.94% | -395,189 | Timeline | ||
| SUSUNCOR ENERGY INC NEW | 709,602 | $22.4M | 2.65% | -1,904,253 | Timeline | ||
| SPARTAN ENERGY ACQUISITION CSPARTAN ENERGY ACQUISITION C | 2,015,592 | $20.9M | 2.47% | 0 | |||
| BKRBAKER HUGHES COMPANY | 790,978 | $18.4M | 2.17% | new | Timeline | ||
| PUMPPROPETRO HLDG CORP | 2,003,068 | $18.2M | 2.15% | new | Timeline | ||
| CNQCANADIAN NAT RES LTD MED TER | 669,455 | $17.8M | 2.11% | new | Timeline | ||
| WPX ENERGY INCWPX ENERGY INC | 1,558,345 | $16.5M | 1.95% | -6,120,760 | |||
| KOSKOSMOS ENERGY LTD | 2,595,025 | $16.2M | 1.91% | +1,541,599 | Timeline | ||
| TORTOISE ACQUISITION CORPTORTOISE ACQUISITION CORP | 1,500,000 | $15.1M | 1.79% | 0 | |||
| EQUITRANS MIDSTREAM CORP NPVEQUITRANS MIDSTREAM CORP NPV | 950,511 | $13.8M | 1.63% | -478,466 | |||
| RATTLER MIDSTREAM LPRATTLER MIDSTREAM LP | 549,270 | $9.79M | 1.16% | -69,035 | |||
| WHDCACTUS INC | 286,425 | $8.29M | 0.98% | new | Timeline | ||
| GOODRICH PETE CORP COM PARGOODRICH PETE CORP COM PAR | 574,195 | $6.1M | 0.72% | +100 | |||
| CHORD ENERGY CORPORATIONCHORD ENERGY CORPORATION | 1,470,011 | $5.09M | 0.6% | -1,093,906 | |||
| RRCRANGE RES CORP | 1,308,217 | $5M | 0.59% | +388,165 | Timeline | ||
| VISTVISTA ENERGY S.A.B. DE C.V. | 941,105 | $4.87M | 0.58% | new | Timeline | ||
| BRYBerry Corp | 478,676 | $4.48M | 0.53% | -258,200 | Timeline | ||
| YPFYPF SOCIEDAD ANONIMA | 249,482 | $2.31M | 0.27% | new | Timeline |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| OXYOCCIDENTAL PETE CORP COM | call | 1,884,500 | $83.8M | new |
| OKEONEOK INC NEW COM | put | 650,000 | $47.9M | new |
| TRGPTARGA RES CORP Stock | call | 1,065,000 | $42.8M | new |
| HESS CORPHESS CORP COM | put | 650,000 | $39.3M | +100,000 |
| FANGDIAMONDBACK ENERGY INC Stock | put | 350,000 | $31.5M | new |
| CIMAREX ENERGY CO COMCIMAREX ENERGY CO COM Stock | call | 605,000 | $29M | +353,300 |
| NOBLE ENERGY INCNOBLE ENERGY INC COM | put | 1,050,000 | $23.6M | new |
| MURMURPHY OIL CORP Stock | put | 1,050,000 | $23.2M | +502,900 |
| PIONEER NATURAL RESOURCES COPIONEER NATURAL RESOURCES CO COM | call | 160,000 | $20.1M | -28,500 |
| ENCANA CORPENCANA CORP COM | put | 2,700,000 | $12.4M | +700,000 |
| MARATHON OIL CORPMARATHON OIL CORP COM | call | 1,000,000 | $12.3M | new |
| PIONEER NATURAL RESOURCES COPIONEER NATURAL RESOURCES CO COM | put | 95,000 | $11.9M | new |
| CHORD ENERGY CORPORATIONCHORD ENERGY CORPORATION COMMON STOCK | call | 2,700,000 | $9.34M | new |
| CHESEPEAKE ENERGY CORPCHESEPEAKE ENERGY CORP COM | put | 5,700,000 | $8.04M | +4,140,000 |
| APACHE CORPAPACHE CORP COM | call | 300,000 | $7.68M | new |
| CENTENNIAL RESOURCE DEV INCCENTENNIAL RESOURCE DEV INC CL A | call | 1,200,000 | $5.42M | new |
| SMSM ENERGY COMPANY Stock | call | 500,000 | $4.85M | new |
| CTRACOTERRA ENERGY INC Stock | put | 255,400 | $4.49M | +105,400 |
| SOUTHWESTERN ENERGY COSOUTHWESTERN ENERGY CO COM | put | 1,404,100 | $2.71M | -11,426,500 |
Sold out in Q3 2019
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| PAGPPLAINS GP HLDGS L P | 3,500,000 | $87.4M | put |
| Concho Resources Inc.Concho Resources Inc. | 475,533 | $49.1M | shares |
| CVXCHEVRON CORPORATION | 374,377 | $46.6M | shares |
| LNGCHENIERE ENERGY INC | 500,000 | $34.2M | put |
| FANGDIAMONDBACK ENERGY INC | 257,065 | $28M | shares |
| PDC ENERGY INCPDC ENERGY INC | 545,228 | $19.7M | shares |
| CARRIZO OIL & GAS INCCARRIZO OIL & GAS INC | 1,854,838 | $18.6M | shares |
| QEP RESOURCES INCQEP RESOURCES INC | 1,967,600 | $14.2M | put |
| WPX ENERGY INCWPX ENERGY INC | 1,094,200 | $12.6M | call |
| CALLON PETE CO DELCALLON PETE CO DEL | 1,500,000 | $9.89M | call |
| NFGNATIONAL FUEL GAS CO | 142,900 | $7.54M | put |
| ARANTERO RESOURCES CORP | 1,000,000 | $5.53M | call |
| CALIFORNIA RES CORPCALIFORNIA RES CORP | 176,800 | $3.48M | put |
| RRCRANGE RES CORP | 338,900 | $2.37M | call |
| ARANTERO RESOURCES CORP | 42 | $0 | shares |
How Q3 2019 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0000950123-19-011347 | base | 2019-11-14 | acceptance time not in the bulk data set |