UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21656
Name of Fund: BlackRock Global Energy and Resources Trust (BGR)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Global Energy and Resources Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 10/31/2008
Date of reporting period: 11/01/2007 – 01/31/2008
Item 1 – Schedule of Investments
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SCHEDULE OF INVESTMENTS as of January 31, 2008 |
|
BlackRock Global Energy and Resources Trust (BGR) |
|
(unaudited) |
|
(Percentages shown are based on Net Assets) |
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Shares |
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Description |
|
|
Value |
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|
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LONG-TERM INVESTMENTS—97.6% |
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|
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Common Stocks—97.6% |
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Chemicals—1.7% |
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117,900 |
|
Potash Corp. of Saskatchewan |
|
$ |
16,609,752 |
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Coal—14.5% |
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507,200 |
1 |
Arch Coal, Inc. |
|
|
22,316,800 |
|
|
|
525,721 |
1 |
Consol Energy, Inc. |
|
|
38,377,633 |
|
|
|
682,900 |
1 |
Massey Energy Co. |
|
|
25,390,222 |
|
|
|
348,770 |
|
Natural Resources Partners LP |
|
|
10,602,608 |
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|
|
35,500 |
2 |
Patriot Coal Corp. |
|
|
1,411,125 |
|
|
|
480,200 |
|
Peabody Energy Corp. |
|
|
25,940,404 |
|
|
|
281,300 |
|
Penn Virginia GP Holdings LP |
|
|
7,808,888 |
|
|
|
481,900 |
|
Penn Virginia Resource Partners LP |
|
|
12,042,681 |
|
|
|
|
|
|
|
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Total Coal |
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|
143,890,361 |
|
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|
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|
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|
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Commercial Services—0.3% |
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|
269,231 |
2,3,4 |
MYR Group, Inc. |
|
|
3,500,003 |
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Electric—1.8% |
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|
453,100 |
2,5 |
NRG Energy, Inc. |
|
|
17,485,129 |
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Gas—1.1% |
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|
|
4,514 |
|
AltaGas Utility Group, Inc. |
|
|
29,447 |
|
|
|
613,800 |
|
Keyera Facilities Income Fund |
|
|
10,789,871 |
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|
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|
|
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|
|
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Total Gas |
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|
10,819,318 |
|
|
|
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|
|
|
|
|
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|
|
|
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Metal Fabricate/Hardware—0.4% |
|
|
|
|
|
|
104,600 |
|
Tenaris S.A. (ADR) |
|
|
4,182,954 |
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|
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Mining—4.2% |
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|
207,100 |
1 |
BHP Billiton Ltd. (ADR) |
|
|
13,993,747 |
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|
|
104,800 |
|
Cameco Corp. |
|
|
3,547,480 |
|
|
|
247,736 |
|
Goldcorp, Inc. |
|
|
9,220,734 |
|
|
|
368,800 |
2 |
NovaGold Resources, Inc. |
|
|
4,215,384 |
|
|
|
146,700 |
2,5 |
Silver Wheaton Corp. |
|
|
2,257,713 |
|
|
|
132,600 |
|
Teck Cominco Ltd., Class B |
|
|
4,329,095 |
|
|
|
470,700 |
|
Zinifex Ltd. |
|
|
4,456,019 |
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|
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|
|
|
|
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Total Mining |
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|
42,020,172 |
|
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|
|
|
|
|
|
|
|
|
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|
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Oil & Gas—41.4% |
|
|
|
|
|
|
151,800 |
1 |
Apache Corp. |
|
|
14,487,792 |
|
|
|
40,100 |
2 |
ATP Oil & Gas Corp. |
|
|
1,509,364 |
|
|
|
468,673 |
|
BG Group Plc |
|
|
10,339,938 |
|
|
|
286,307 |
2 |
Brigham Exploration Co. |
|
|
1,986,971 |
|
|
|
231,000 |
|
Cabot Oil & Gas Corp. |
|
|
8,937,390 |
|
|
|
70,200 |
1 |
Canadian Natural Resources Ltd. |
|
|
4,472,442 |
|
|
|
295,400 |
1 |
Chesapeake Energy Corp. |
|
|
10,997,742 |
|
|
|
309,800 |
2 |
Compton Petroleum Corp. |
|
|
2,983,682 |
|
|
|
93,900 |
|
ConocoPhillips |
|
|
7,542,048 |
|
|
|
744,100 |
|
Crescent Point Energy Trust |
|
|
18,156,914 |
|
|
|
904,600 |
2,5 |
Delta Petroleum Corp. |
|
|
18,137,230 |
|
|
|
97,800 |
|
Devon Energy Corp. |
|
|
8,311,044 |
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|
|
76,000 |
|
Diamond Offshore Drilling, Inc. |
|
|
8,582,680 |
|
|
|
84,700 |
|
EnCana Corp. |
|
|
5,607,987 |
|
|
|
184,200 |
|
EOG Resources, Inc. |
|
|
16,117,500 |
|
|
|
130,600 |
|
EV Energy Partner LP |
|
|
3,944,120 |
|
|
|
1,232,900 |
2,5 |
EXCO Resources, Inc. |
|
|
18,481,171 |
|
|
|
122,900 |
|
Exxon Mobil Corp. |
|
|
10,618,560 |
|
|
|
219,900 |
2 |
Forest Oil Corp. |
|
|
9,943,878 |
|
|
|
340,300 |
|
Helmerich & Payne, Inc. |
|
|
13,346,566 |
|
|
|
90,000 |
|
Hess Corp. |
|
|
8,174,700 |
|
|
|
291,400 |
2,5 |
Newfield Exploration Co. |
|
|
14,535,032 |
|
|
|
293,100 |
|
Noble Corp. |
|
|
12,828,987 |
|
|
|
143,000 |
|
Noble Energy, Inc. |
|
|
10,378,940 |
|
|
|
189,700 |
|
Occidental Petroleum Corp. |
|
|
12,874,939 |
|
|
|
174,300 |
|
Penn Virginia Corp. |
|
|
7,426,923 |
|
|
|
205,500 |
|
Petroleo Brasileiro S.A. (ADR) |
|
|
22,839,270 |
|
|
|
293,200 |
2 |
Plains Exploration & Production Co. |
|
|
14,261,248 |
|
|
|
98,200 |
1,2 |
Pride Intl., Inc. |
|
|
3,113,922 |
|
|
|
98,600 |
2 |
Quicksilver Resources, Inc. |
|
|
5,603,438 |
|
|
|
253,900 |
|
Range Resources Corp. |
|
|
13,258,658 |
|
|
|
564,900 |
2 |
Rex Energy Corp. |
|
|
6,547,191 |
|
|
|
257,600 |
2 |
SeaDrill Ltd. |
|
|
5,397,171 |
|
|
|
200,300 |
2 |
Southwestern Energy Co. |
|
|
11,198,773 |
|
|
|
403,957 |
|
StatoilHydro ASA |
|
|
10,636,659 |
|
|
|
89,100 |
|
Suncor Energy, Inc. |
|
|
8,373,618 |
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|
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Shares |
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Description |
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Value |
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||
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||
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|
Oil & Gas— (cont’d) |
|
|
|
|
|
|
471,100 |
|
Talisman Energy, Inc. |
|
$ |
7,466,935 |
|
|
|
139,600 |
1 |
Total S.A. (ADR) |
|
|
10,160,088 |
|
|
|
65,000 |
2 |
TXCO Resources, Inc. |
|
|
822,250 |
|
|
|
399,900 |
|
Vermilion Energy Trust |
|
|
13,581,585 |
|
|
|
128,264 |
2,5 |
Warren Resources, Inc. |
|
|
1,631,518 |
|
|
|
386,600 |
2 |
Wellstream Holdings Plc |
|
|
8,961,539 |
|
|
|
106,650 |
|
XTO Energy, Inc. |
|
|
5,539,401 |
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|
|
|
|
|
|
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|
|
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Total Oil & Gas |
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|
410,117,804 |
|
|
|
|
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|
|
|
|
|
|
|
|
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Oil & Gas Services—10.1% |
|
|
|
|
|
|
150,800 |
2,5 |
Cameron Intl. Corp. |
|
|
6,071,208 |
|
|
|
156,900 |
1,2,5 |
Cie Generale de Geophysique-Veritas (ADR) |
|
|
7,324,092 |
|
|
|
51,931 |
2 |
Core Laboratories N.V. |
|
|
5,852,624 |
|
|
|
62,100 |
1,2 |
Exterran Holdings, Inc. |
|
|
4,051,404 |
|
|
|
144,000 |
2 |
FMC Technologies, Inc. |
|
|
6,935,040 |
|
|
|
224,300 |
2 |
Helix Energy Solutions Group, Inc. |
|
|
8,292,371 |
|
|
|
182,800 |
2,5 |
Hercules Offshore, Inc. |
|
|
4,213,540 |
|
|
|
114,116 |
2 |
National Oilwell Varco, Inc. |
|
|
6,873,207 |
|
|
|
265,200 |
|
Saipem S.p.A. |
|
|
9,209,689 |
|
|
|
115,100 |
|
SBM Offshore N.V. |
|
|
3,339,421 |
|
|
|
138,100 |
|
Schlumberger Ltd. |
|
|
10,421,026 |
|
|
|
100,300 |
2 |
Transocean, Inc. |
|
|
12,296,780 |
|
|
|
253,624 |
2 |
Weatherford Intl. Ltd. |
|
|
15,676,499 |
|
|
|
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|
|
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|
|
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Total Oil & Gas Services |
|
|
100,556,901 |
|
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Pipelines—13.9% |
|
|
|
|
|
|
451,400 |
|
AltaGas Income Trust |
|
|
10,497,674 |
|
|
|
201,400 |
1 |
Boardwalk Pipeline Partners LP |
|
|
6,259,512 |
|
|
|
77,600 |
|
Buckeye Partners LP |
|
|
3,882,328 |
|
|
|
73,200 |
|
Enbridge Energy Partners LP |
|
|
3,726,612 |
|
|
|
320,700 |
|
Energy Transfer Partners LP |
|
|
16,083,105 |
|
|
|
569,005 |
1 |
Enterprise Products Partners LP |
|
|
17,758,646 |
|
|
|
312,500 |
|
Equitable Resources, Inc. |
|
|
17,421,875 |
|
|
|
145,800 |
|
ONEOK Partners LP |
|
|
9,122,706 |
|
|
|
165,500 |
|
ONEOK, Inc. |
|
|
7,778,500 |
|
|
|
265,500 |
|
Pembina Pipeline Income Fund |
|
|
4,574,623 |
|
|
|
138,400 |
|
Plains All American Pipeline LP |
|
|
6,890,936 |
|
|
|
90,100 |
|
Questar Corp. |
|
|
4,586,991 |
|
|
|
1,125,000 |
|
Spectra Energy Income Fund |
|
|
10,633,186 |
|
|
|
300,000 |
|
Targa Resources Partners LP |
|
|
8,100,000 |
|
|
|
280,200 |
1 |
Williams Partners LP |
|
|
10,297,350 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Pipelines |
|
|
137,614,044 |
|
|
|
|
|
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|
|
|
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|
Transportation—8.2% |
|
|
|
|
|
|
800,000 |
|
Aries Maritime Transport Ltd. |
|
|
5,536,000 |
|
|
|
257,800 |
|
Diana Shipping, Inc. |
|
|
7,607,678 |
|
|
|
238,600 |
|
Genco Shipping & Trading Ltd. |
|
|
11,767,752 |
|
|
|
742,500 |
|
OceanFreight, Inc. |
|
|
14,486,175 |
|
|
|
837,000 |
|
Paragon Shipping, Inc., Class A |
|
|
15,576,570 |
|
|
|
390,400 |
|
Seaspan Corp. |
|
|
11,766,656 |
|
|
|
546,000 |
5 |
Ship Finance Intl. Ltd. |
|
|
14,261,520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Transportation |
|
|
81,002,351 |
|
|
|
|
|
|
|
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|
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|
|
|
Total Common
Stocks |
|
|
967,798,789 |
|
|
|
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|
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|
MONEY MARKET FUNDS—8.1% |
|
|
|
|
|
|
28,068,244 |
6 |
Fidelity Institutional Money Market Prime Portfolio, 3.96% |
|
|
28,068,244 |
|
|
|
52,302,500 |
6,7,8 |
BlackRock Liquidity Series, LLC, Money Market Series, 4.16% |
|
|
52,302,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Money Market Funds |
|
|
80,370,744 |
|
|
|
|
|
|
|
|
|
|
|
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|
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|
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|
|
|
|
Contracts |
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|||
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OUTSTANDING CALL OPTION PURCHASED—0.0% |
|
|
|
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|||
|
|
500 |
|
Peabody Energy Corp., strike price $60, expires 06/23/08 (cost $278,435) |
|
|
215,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments before
outstanding options written |
|
|
1,048,384,533 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
|
|
|
|
SCHEDULE OF INVESTMENTS as of January 31, 2008 |
|
BlackRock Global Energy and Resources Trust (BGR) (continued) |
|
(unaudited) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Description |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
|
OUTSTANDING OPTIONS WRITTEN—(0.6)% |
|
|
|
|
||
|
|
OUTSTANDING CALL OPTIONS WRITTEN—(0.5)% |
||||||
|
|
(150 |
) |
Apache Corp., strike price $105, expires 04/21/08 |
|
$ |
(49,500 |
) |
|
|
(100 |
) |
Apache Corp., strike price $110, expires 04/21/08 |
|
|
(21,250 |
) |
|
|
(100 |
) |
Apache Corp., strike price $115, expires 02/18/08 |
|
|
(1,250 |
) |
|
|
(250 |
) |
Arch Coal, Inc., strike price $45, expires 02/18/08 |
|
|
(40,000 |
) |
|
|
(250 |
) |
Arch Coal, Inc., strike price $45, expires 03/24/08 |
|
|
(66,875 |
) |
|
|
(250 |
) |
Arch Coal, Inc., strike price $45, expires 04/21/08 |
|
|
(88,750 |
) |
|
|
(100 |
) |
ATP Oil & Gas Corp., strike price $55, expires 03/24/08 |
|
|
(3,000 |
) |
|
|
(100,000 |
) |
BG Group Plc, strike price 10.32 GBP, expires 02/06/08 |
|
|
(158,911 |
) |
|
|
(10,000 |
) |
BG Group Plc, strike price 11.10 GBP, expires 04/01/08 |
|
|
(15,506 |
) |
|
|
(245,000 |
) |
BG Group Plc, strike price 9.66 GBP, expires 02/20/08 |
|
|
(727,565 |
) |
|
|
(350 |
) |
BHP Billiton Ltd. (ADR), strike price $75, expires 02/18/08 |
|
|
(14,000 |
) |
|
|
(400 |
) |
BHP Billiton Ltd. (ADR), strike price $80, expires 02/18/08 |
|
|
(3,000 |
) |
|
|
(25,000 |
) |
Cabot Oil & Gas Corp., strike price $40, expires 02/29/08 |
|
|
(30,338 |
) |
|
|
(250 |
) |
Cabot Oil & Gas Corp., strike price $45, expires 02/18/08 |
|
|
(3,750 |
) |
|
|
(250 |
) |
Cabot Oil & Gas Corp., strike price $45, expires 04/21/08 |
|
|
(18,125 |
) |
|
|
(300 |
) |
Cameron Intl., Corp., strike price $52.50, expires 05/19/08 |
|
|
(19,500 |
) |
|
|
(200 |
) |
Canadian Natural Resources Ltd., strike price $85, expires 03/24/08 |
|
|
(3,000 |
) |
|
|
(750 |
) |
Chesapeake Energy Corp., strike price $41, expires 03/28/08 |
|
|
(36,150 |
) |
|
|
(250 |
) |
Chesapeake Energy Corp., strike price $42.50, expires 04/21/08 |
|
|
(8,750 |
) |
|
|
(45,000 |
) |
Cie Generale de Geophysique-Veritas (ADR), strike price $60, expires 02/15/08 |
|
|
(387 |
) |
|
|
(300 |
) |
ConocoPhillips, strike price $85, expires 03/24/08 |
|
|
(45,000 |
) |
|
|
(100 |
) |
ConocoPhillips, strike price $85, expires 05/19/08 |
|
|
(30,300 |
) |
|
|
(100 |
) |
ConocoPhillips, strike price $90, expires 02/18/08 |
|
|
(750 |
) |
|
|
(250 |
) |
Consol Energy, Inc., strike price $70, expires 04/21/08 |
|
|
(221,250 |
) |
|
|
(250 |
) |
Consol Energy, Inc., strike price $75, expires 03/24/08 |
|
|
(121,250 |
) |
|
|
(281 |
) |
Consol Energy, Inc., strike price $80, expires 02/18/08 |
|
|
(25,290 |
) |
|
|
(250 |
) |
Consol Energy, Inc., strike price $80, expires 04/21/08 |
|
|
(108,750 |
) |
|
|
(250 |
) |
Consol Energy, Inc., strike price $90, expires 03/24/08 |
|
|
(22,500 |
) |
|
|
(100 |
) |
Core Laboratories N.V., strike price $135, expires 03/24/08 |
|
|
(6,750 |
) |
|
|
(1,100 |
) |
Delta Petroleum Corp., strike price $17.50, expires 03/24/08 |
|
|
(462,000 |
) |
|
|
(500 |
) |
Delta Petroleum Corp., strike price $22.50, expires 02/18/08 |
|
|
(47,500 |
) |
|
|
(10,000 |
) |
Devon Energy Corp., strike price $93, expires 02/22/08 |
|
|
(5,622 |
) |
|
|
(250 |
) |
Diamond Offshore Drilling, Inc., strike price $130, expires 02/18/08 |
|
|
(17,500 |
) |
|
|
(140 |
) |
Diamond Offshore Drilling, Inc., strike price $155, expires 03/24/08 |
|
|
(2,450 |
) |
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Description |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
|
|
|
OUTSTANDING CALL OPTIONS WRITTEN— (cont’d) |
|
|||
|
|
(150 |
) |
EnCana Corp., strike price $70, expires 04/21/08 |
|
$ |
(35,625 |
) |
|
|
(250 |
) |
EOG Resources, Inc., strike price $100, expires 04/21/08 |
|
|
(38,125 |
) |
|
|
(250 |
) |
EOG Resources, Inc., strike price $95, expires 04/21/08 |
|
|
(68,750 |
) |
|
|
(200 |
) |
Equitable Resources, Inc., strike price $55, expires 02/18/08 |
|
|
(25,500 |
) |
|
|
(200 |
) |
Equitable Resources, Inc., strike price $60, expires 03/24/08 |
|
|
(11,000 |
) |
|
|
(200 |
) |
Equitable Resources, Inc., strike price $60, expires 06/23/08 |
|
|
(37,500 |
) |
|
|
(25,000 |
) |
Exxon Mobil Corp., strike price $95, expires 03/20/08 |
|
|
(23,603 |
) |
|
|
(200 |
) |
FMC Technologies, Inc., strike price $65, expires 04/21/08 |
|
|
(9,000 |
) |
|
|
(250 |
) |
Forest Oil Corp., strike price $52.50, expires 02/22/08 |
|
|
(7,808 |
) |
|
|
(200 |
) |
Forest Oil Corp., strike price $55, expires 02/18/08 |
|
|
(2,000 |
) |
|
|
(250 |
) |
Goldcorp, Inc., strike price $37.50, expires 04/21/08 |
|
|
(90,000 |
) |
|
|
(450 |
) |
Goldcorp, Inc., strike price $40, expires 04/21/08 |
|
|
(114,750 |
) |
|
|
(60 |
) |
Helix Energy Solutions Group, Inc., strike price $45, expires 02/18/08 |
|
|
(600 |
) |
|
|
(200 |
) |
Helix Energy Solutions Group, Inc., strike price $45, expires 03/24/08 |
|
|
(6,000 |
) |
|
|
(100,000 |
) |
Helmerich & Payne, Inc., strike price $36, expires 02/15/08 |
|
|
(352,530 |
) |
|
|
(125 |
) |
Hess Corp., strike price $100, expires 05/19/08 |
|
|
(71,250 |
) |
|
|
(100 |
) |
Hess Corp., strike price $90, expires 02/18/08 |
|
|
(40,500 |
) |
|
|
(816 |
) |
National Oilwell Varco, Inc., strike price $72.50, expires 02/18/08 |
|
|
(32,640 |
) |
|
|
(100 |
) |
National Oilwell Varco, Inc., strike price $80, expires 02/18/08 |
|
|
(35,000 |
) |
|
|
(125 |
) |
National Oilwell Varco, Inc., strike price $82.50, expires 02/18/08 |
|
|
(1,250 |
) |
|
|
(400 |
) |
Newfield Exploration Co., strike price $55, expires 02/18/08 |
|
|
(12,000 |
) |
|
|
(250 |
) |
Newfield Exploration Co., strike price $55, expires 03/24/08 |
|
|
(27,500 |
) |
|
|
(125 |
) |
Newfield Exploration Co., strike price $60, expires 03/24/08 |
|
|
(3,750 |
) |
|
|
(27,000 |
) |
Noble Corp., strike price $57.50, expires 03/05/08 |
|
|
(1,096 |
) |
|
|
(270 |
) |
Noble Corp., strike price $60, expires 03/24/08 |
|
|
(2,025 |
) |
|
|
(100 |
) |
Noble Energy, Inc., strike price $80, expires 02/18/08 |
|
|
(1,500 |
) |
|
|
(13,000 |
) |
Noble Energy, Inc., strike price $82, expires 02/27/08 |
|
|
(5,136 |
) |
|
|
(20,000 |
) |
Noble Energy, Inc., strike price $82.50, expires 02/20/08 |
|
|
(16,588 |
) |
|
|
(200 |
) |
NRG Energy, Inc., strike price $45, expires 03/24/08 |
|
|
(9,000 |
) |
|
|
(500 |
) |
NRG Energy, Inc., strike price $50, expires 03/24/08 |
|
|
(7,500 |
) |
|
|
(400 |
) |
Occidental Petroleum Corp., strike price $75.38, expires 03/26/08 |
|
|
(78,392 |
) |
|
|
(60,000 |
) |
OceanFreight, Inc., strike price $24.40, expires 02/27/08 |
|
|
(19,218 |
) |
|
|
(15,000 |
) |
ONEOK, Inc., strike price $50, expires 03/20/08 |
|
|
(10,782 |
) |
|
|
(150 |
) |
Patriot Coal Corp., strike price $40, expires 03/24/08 |
|
|
(46,875 |
) |
|
|
|
|
|
2 |
|
|
|
|
SCHEDULE OF INVESTMENTS as of January 31, 2008 |
BlackRock Global Energy and Resources Trust (BGR) (continued) |
|
(unaudited) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Description |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
|
OUTSTANDING CALL OPTIONS WRITTEN— (cont’d) |
|
|
|
|
|||
|
|
(500 |
) |
Peabody Energy Corp., strike price $65, expires 03/24/08 |
|
$ |
(46,250 |
) |
|
|
(1,000 |
) |
Peabody Energy Corp., strike price $65, expires 06/23/08 |
|
|
(282,500 |
) |
|
|
(162 |
) |
Petroleo Brasileiro S.A. (ADR), strike price $110, expires 04/21/08 |
|
|
(177,390 |
) |
|
|
(300 |
) |
Petroleo Brasileiro S.A. (ADR), strike price $115, expires 04/21/08 |
|
|
(258,000 |
) |
|
|
(100 |
) |
Petroleo Brasileiro S.A. (ADR), strike price $125, expires 03/24/08 |
|
|
(33,500 |
) |
|
|
(200 |
) |
Plains Exploration & Production Co., strike price $60, expires 02/18/08 |
|
|
(1,500 |
) |
|
|
(120 |
) |
Potash Corp. of Saskatchewan, strike price $135, expires 03/24/08 |
|
|
(181,200 |
) |
|
|
(100 |
) |
Potash Corp. of Saskatchewan, strike price $155, expires 03/24/08 |
|
|
(60,500 |
) |
|
|
(114 |
) |
Potash Corp. of Saskatchewan, strike price $160, expires 02/18/08 |
|
|
(9,690 |
) |
|
|
(125 |
) |
Pride Intl., Inc., strike price $40, expires 04/21/08 |
|
|
(3,437 |
) |
|
|
(200 |
) |
Questar Corp., strike price $57.50, expires 03/26/08 |
|
|
(13,082 |
) |
|
|
(100 |
) |
Quicksilver Resources, Inc., strike price $30, expires 03/24/08 |
|
|
(28,000 |
) |
|
|
(200 |
) |
Quicksilver Resources, Inc., strike price $32.50, expires 03/24/08 |
|
|
(26,500 |
) |
|
|
(150 |
) |
Range Resources Corp., strike price $50, expires 03/24/08 |
|
|
(74,250 |
) |
|
|
(150 |
) |
Range Resources Corp., strike price $55, expires 02/18/08 |
|
|
(13,875 |
) |
|
|
(387 |
) |
Range Resources Corp., strike price $55, expires 03/24/08 |
|
|
(93,848 |
) |
|
|
(35,000 |
) |
Rex Energy Corp., strike price $11.81, expires 02/29/08 |
|
|
(25,417 |
) |
|
|
(65,000 |
) |
Saipem S.p.A., strike price 32.57 EUR, expires 02/05/08 |
|
|
(1 |
) |
|
|
(100 |
) |
Schlumberger Ltd., strike price $100, expires 02/18/08 |
|
|
(1,000 |
) |
|
|
(100 |
) |
Schlumberger Ltd., strike price $95, expires 05/19/08 |
|
|
(12,500 |
) |
|
|
(95,000 |
) |
SeaDrill Ltd., strike price 129.04 NOK, expires 04/01/08 |
|
|
(63,015 |
) |
|
|
(40,000 |
) |
Seaspan Corp., strike price $28.27, expires 03/20/08 |
|
|
(107,868 |
) |
|
|
(400 |
) |
Seaspan Corp., strike price $30, expires 03/24/08 |
|
|
(72,000 |
) |
|
|
(800 |
) |
Ship Finance Intl. Ltd., strike price $30, expires 02/18/08 |
|
|
(12,000 |
) |
|
|
(400 |
) |
Silver Wheaton Corp., strike price $17.50, expires 03/24/08 |
|
|
(30,000 |
) |
|
|
(300 |
) |
Southwestern Energy Co., strike price $60, expires 02/18/08 |
|
|
(17,250 |
) |
|
|
(200 |
) |
Southwestern Energy Co., strike price $60, expires 03/24/08 |
|
|
(39,500 |
) |
|
|
(200 |
) |
Southwestern Energy Co., strike price $65, expires 06/23/08 |
|
|
(53,000 |
) |
|
|
(250 |
) |
Suncor Energy, Inc., strike price $110, expires 03/24/08 |
|
|
(24,375 |
) |
|
|
(600 |
) |
Talisman Energy, Inc., strike price $20, expires 04/21/08 |
|
|
(9,000 |
) |
|
|
(300 |
) |
Targa Resources Partners LP, strike price $30, expires 02/18/08 |
|
|
(8,250 |
) |
|
|
(300 |
) |
Targa Resources Partners LP, strike price $30, expires 06/23/08 |
|
|
(30,750 |
) |
|
|
(270 |
) |
Teck Cominco Ltd., Class B, strike price 44 CAD, expires 02/18/08 |
|
|
(2,958 |
) |
|
|
(100 |
) |
Total S.A. (ADR), strike price $85, expires 02/18/08 |
|
|
(1,250 |
) |
|
|
(100 |
) |
Total S.A. (ADR), strike price $90, expires 02/18/08 |
|
|
(1,250 |
) |
|
|
|
|
|
|
|
|
|
|
Contracts |
|
Description |
|
Value |
|
||
|
|
|
|
|
|
|
||
|
OUTSTANDING CALL OPTIONS WRITTEN— (cont’d) |
|
|
|
|
|||
|
|
(125 |
) |
Transocean, Inc., strike price $140, expires 03/24/08 |
|
$ |
(25,938 |
) |
|
|
(250 |
) |
Transocean, Inc., strike price $150, expires 02/18/08 |
|
|
(31,875 |
) |
|
|
(10,000 |
) |
TXCO Resources, Inc., strike price $14, expires 02/22/08 |
|
|
(5,113 |
) |
|
|
(200 |
) |
Weatherford Intl. Ltd., strike price $70, expires 02/18/08 |
|
|
(3,500 |
) |
|
|
(250 |
) |
Weatherford Intl. Ltd., strike price $70, expires 03/24/08 |
|
|
(34,375 |
) |
|
|
(400 |
) |
Weatherford Intl. Ltd., strike price $75, expires 02/18/08 |
|
|
(4,000 |
) |
|
|
(24,500 |
) |
XTO Energy, Inc., strike price $54.50, expires 02/29/08 |
|
|
(35,309 |
) |
|
|
(100 |
) |
XTO Energy, Inc., strike price $70, expires 02/18/08 |
|
|
(5,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Outstanding Call Options
Written |
|
|
(5,631,328 |
) |
|
|
|
|
|
|
|
|
|
|
OUTSTANDING PUT OPTIONS WRITTEN—(0.1)% |
|
|
|
|
|||
|
|
(4,075 |
) |
Delta Petroleum Corp., strike price $20, expires 02/18/08 |
|
|
(753,875 |
) |
|
|
(775 |
) |
Diana Shipping, Inc., strike price $25, expires 02/16/08 |
|
|
(27,125 |
) |
|
|
(420 |
) |
Genco Shipping & Trading Ltd., strike price $30, expires 02/18/08 |
|
|
(6,300 |
) |
|
|
(420 |
) |
Genco Shipping & Trading Ltd., strike price $35, expires 02/18/08 |
|
|
(9,450 |
) |
|
|
(600 |
) |
Genco Shipping & Trading Ltd., strike price $40, expires 02/18/08 |
|
|
(40,500 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Outstanding Put Options
Written |
|
|
(837,250 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Outstanding Options
Written |
|
|
(6,468,578 |
) |
|
|
|
|
|
|
|
|
|
|
Total investments net of outstanding options written—105.1% |
|
$ |
1,041,915,955 |
|
|||
|
Other assets in excess of liabilities—(5.1)% |
|
|
(50,325,371 |
) |
|||
|
|
|
|
|
|
|||
|
Net Assets—100.0% |
|
$ |
991,590,584 |
|
|||
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
1 |
Security, or a portion thereof, pledged as collateral for outstanding options written. |
|
|
|
|
2 |
Non-income producing security. |
|
|
|
|
3 |
Illiquid security. As of January 31, 2008, the Trust held 0.4% of its net assets, with a current market value of $3,500,003, in these securities. |
|
|
|
|
4 |
Security is fair valued. |
|
|
|
|
5 |
Security, or a portion of security, is on loan. |
|
|
|
|
6 |
Represents current yield as of January 31, 2008. |
|
|
|
|
7 |
Represents an investment in an affiliate. |
|
|
|
|
8 |
Security purchased with the cash proceeds from securities loaned. |
|
|
|
|
9 |
Cost for federal income tax purposes is $819,577,144. The net unrealized appreciation on a tax basis is $228,807,389, consisting of $252,450,723 gross unrealized appreciation and $23,643,334 gross unrealized depreciation. |
|
|
|
|
|
KEY TO ABBREVIATIONS |
||
|
|
||
|
ADR |
— |
American Depositary Receipt |
|
CAD |
— |
Canadian Dollar |
|
EUR |
— |
Euro |
|
GBP |
— |
British Pound |
|
NOK |
— |
Norwegian Krone |
|
|
|
|
|
3 |
Item 2 – Controls and Procedures
2(a) – The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.
2(b) – There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3 – Exhibits
Certifications – Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BlackRock Global Energy and Resources Trust
| By: | /s/
Donald C. Burke |
| Donald C. Burke | |
| Chief Executive Officer of | |
| BlackRock Global Energy and Resources Trust |
Date: March 24, 2008
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: | /s/
Donald C. Burke |
| Donald C. Burke | |
| Chief Executive Officer (principal executive officer) of | |
BlackRock
Global Energy and Resources Trust |
|
| Date: March 24, 2008 | |
| By: | /s/
Neal J. Andrews |
| Neal J. Andrews | |
| Chief Financial Officer (principal financial officer) of | |
BlackRock
Global Energy and Resources Trust |
|
| Date: March 24, 2008 | |