7 Energy Stocks Hedge Fund Guru Seth Klarman Is Betting on Now

NEW YORK (TheStreet) -- When the going gets tough (for others), Seth Klarman gets going. Case in point: The Baupost Group founder pounced when oil prices and energy stocks plunged last year.

In a year-end letter to investors reported by Bloomberg in February, Klarman lamented a scarcity of bargains. He did, however, like what he was seeing in energy. "Baupost wasted no time in redirecting additional investment team members into the energy area to sift through the carnage," he wrote.

In the first quarter of the year, Klarman continued to bet on the sector. His latest public holdings disclosure, corresponding to March 31, indicates that nearly 40% of his 27-stock portfolio is allocated to energy. Moreover, one of his top picks -- a new one -- happens to be a company that fellow hedge fund manager David Einhorn hates.

Here are seven energy stocks Seth Klarman is betting on.

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