Carl Icahn relies on energy stocks in 2016

The portfolio of Icahn has three major energy companies: CVR Energy (NYSE: CVI), Cheniere Energy (AMEX: LNG), and Chesapeake Energy (NYSE: CHK). Together they account for 17% of its assets.

If you want to play wide energy market in 2016, this could be a possibility if you buy shares that are clearly supported by the guru investor with a long history of building wealth.

CVR Energy. Icahn owns more than 71 million shares, or 82% of Sugar Land, Texas company. CVR's refinery and producer of fertilizers and nitrogen. Over the past 12 months, the company generated $ 6.2 billion revenue, $ 170 million is net income and $ 2.25 dividend per share.

Cheniere Energy. Icahn owns 28,500,000 shares as just raised its share by more than 2500 percent - it now controls 12% of the shares. Cheniere is trading at $ 36.93. Another authoritative guru investor owns about 10% of the shares - Seth Klarman

Chesapeake Energy of Icahn has lost nearly a billion dollars from 2013 onwards, but he continues to add to its position, which some might one day consider as the biggest turnaround of all time in the energy industry.

E.Dimitrov JrTrader