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
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 10/31/2008
Date of reporting period: 05/01/2008 07/31/2008
Item 1 Schedule of Investments
|
|
Schedule of Investments July 31, 2008 (Unaudited) |
BlackRock Global Energy and |
|
(Percentages shown are based on Net Assets) |
|
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Shares |
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Common Stocks |
|
Value |
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|
|
Chemicals2.2% |
|
|
|
|
|
127,900 |
|
Potash Corp. of Saskatchewan |
|
$ |
26,126,133 |
|
|
|
|
|
|
|
|
|
|
|
|
Coal14.0% |
|
|
|
|
|
578,800 |
|
Arch Coal, Inc.(a) |
|
|
32,592,228 |
|
|
528,821 |
|
Consol Energy, Inc.(a) |
|
|
39,338,994 |
|
|
682,900 |
|
Massey Energy Co.(a) |
|
|
50,705,325 |
|
|
35,500 |
|
Patriot Coal Corp.(b) |
|
|
4,478,325 |
|
|
530,200 |
|
Peabody Energy Corp. |
|
|
35,868,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
162,982,902 |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Services0.4% |
|
|
|
|
|
269,231 |
|
MYR Group, Inc.(b)(c) |
|
|
4,375,004 |
|
|
|
|
|
|
|
|
|
|
|
|
Electric1.7% |
|
|
|
|
|
542,500 |
|
NRG Energy, Inc.(b) |
|
|
19,687,325 |
|
|
|
|
|
|
|
|
|
|
|
|
Gas1.1% |
|
|
|
|
|
613,800 |
|
Keyera Facilities Income Fund |
|
|
13,367,586 |
|
|
|
|
|
|
|
|
|
|
|
|
Metal Fabricate/Hardware0.5% |
|
|
|
|
|
104,600 |
|
Tenaris S.A. (ADR) |
|
|
6,302,150 |
|
|
|
|
|
|
|
|
|
|
|
|
Mining3.2% |
|
|
|
|
|
207,100 |
|
BHP Billiton Ltd. (ADR)(a) |
|
|
15,462,086 |
|
|
247,736 |
|
Goldcorp, Inc. |
|
|
9,252,940 |
|
|
426,500 |
|
Silver Standard Resources, Inc.(b)(d) |
|
|
12,065,685 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,780,711 |
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas41.0% |
|
|
|
|
|
|
190,000 |
|
Apache Corp.(a) |
|
|
21,312,300 |
|
|
468,673 |
|
BG Group Plc |
|
|
10,592,138 |
|
|
239,930 |
|
Bill Barrett Corp.(b) |
|
|
9,870,720 |
|
|
231,000 |
|
Cabot Oil & Gas Corp. |
|
|
10,166,310 |
|
|
70,200 |
|
Canadian Natural Resources Ltd.(a) |
|
|
5,479,110 |
|
|
295,400 |
|
Chesapeake Energy Corp.(a) |
|
|
14,814,310 |
|
|
103,900 |
|
Compton Petroleum Corp.(b) |
|
|
1,066,447 |
|
|
744,100 |
|
Crescent Point Energy Trust |
|
|
25,143,669 |
|
|
904,600 |
|
Delta Petroleum Corp.(b)(d) |
|
|
17,250,722 |
|
|
97,800 |
|
Devon Energy Corp. |
|
|
9,280,242 |
|
|
76,000 |
|
Diamond Offshore Drilling, Inc. |
|
|
9,066,800 |
|
|
198,400 |
|
Duvernay Oil Corp.(b) |
|
|
15,946,404 |
|
|
84,700 |
|
EnCana Corp. |
|
|
6,114,493 |
|
|
184,200 |
|
EOG Resources, Inc. |
|
|
18,517,626 |
|
|
1,410,900 |
|
EXCO Resources, Inc.(b)(d) |
|
|
36,753,945 |
|
|
219,900 |
|
Forest Oil Corp.(b) |
|
|
12,540,897 |
|
|
1,040,800 |
|
Galleon Energy, Inc.(b) |
|
|
16,619,054 |
|
|
115,000 |
|
GMX Resources, Inc.(b)(d) |
|
|
6,750,500 |
|
|
45,000 |
|
Goodrich Petroleum Corp.(b) |
|
|
2,063,250 |
|
|
340,300 |
|
Helmerich & Payne, Inc. |
|
|
20,121,939 |
|
|
90,000 |
|
Hess Corp. |
|
|
9,126,000 |
|
|
528,700 |
|
Newfield Exploration Co.(b) |
|
|
25,895,726 |
|
|
209,300 |
|
Noble Corp.(d) |
|
|
10,856,391 |
|
|
189,700 |
|
Occidental Petroleum Corp. |
|
|
14,954,051 |
|
|
676,200 |
|
Penn Virginia Corp. |
|
|
41,079,150 |
|
|
67,600 |
|
PetroHawk Energy Corp.(b) |
|
|
2,252,432 |
|
|
411,000 |
|
Petroleo Brasileiro S.A. (ADR) |
|
|
22,979,010 |
|
|
293,200 |
|
Plains Exploration & Production Co.(b) |
|
|
16,410,404 |
|
|
253,900 |
|
Range Resources Corp. |
|
|
12,329,384 |
|
|
400,600 |
|
Southwestern Energy Co.(b) |
|
|
14,545,786 |
|
|
403,957 |
|
StatoilHydro ASA |
|
|
13,085,617 |
|
|
471,100 |
|
Talisman Energy, Inc. |
|
|
8,399,713 |
|
|
399,900 |
|
Vermilion Energy Trust |
|
|
15,457,827 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
476,842,367 |
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas Services13.6% |
|
|
|
|
|
347,800 |
|
Cameron Intl. Corp.(b)(d) |
|
|
16,610,928 |
|
|
51,931 |
|
Core Laboratories N.V. |
|
|
6,730,777 |
|
|
345,800 |
|
Halliburton Co. |
|
|
15,498,756 |
|
|
140,800 |
|
Helix Energy Solutions Group, Inc.(b) |
|
|
4,495,744 |
|
|
365,516 |
|
National Oilwell Varco, Inc.(b) |
|
|
28,740,523 |
|
|
265,200 |
|
Saipem S.p.A. |
|
|
10,253,210 |
|
|
115,100 |
|
SBM Offshore N.V. |
|
|
2,575,520 |
|
|
221,400 |
|
Schlumberger Ltd. |
|
|
22,494,240 |
|
|
271,800 |
|
Transocean, Inc.(b) |
|
|
36,972,954 |
|
|
|
|
|
|
|
|
|
Shares |
|
Common Stocks |
|
Value |
|
||
|
|
|
|
|
|
||
|
|
|
Oil & Gas Services (contd) |
|
|
|
|
|
357,048 |
|
Weatherford Intl. Ltd.(b)(d) |
|
$ |
13,471,421 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
157,844,073 |
|
|
|
|
|
|
|
|
|
|
|
|
Pipelines10.4% |
|
|
|
|
|
451,400 |
|
AltaGas Income Trust |
|
|
10,760,949 |
|
|
51,600 |
|
Buckeye Partners LP |
|
|
2,175,456 |
|
|
73,200 |
|
Enbridge Energy Partners LP |
|
|
3,640,968 |
|
|
320,700 |
|
Energy Transfer Partners LP |
|
|
13,713,132 |
|
|
653,105 |
|
Enterprise Products Partners LP(a) |
|
|
19,429,874 |
|
|
312,500 |
|
Equitable Resources, Inc. |
|
|
16,328,125 |
|
|
334,100 |
|
MarkWest Energy Partners LP |
|
|
11,042,005 |
|
|
145,800 |
|
ONEOK Partners LP |
|
|
7,892,154 |
|
|
265,500 |
|
Pembina Pipeline Income Fund |
|
|
4,584,247 |
|
|
116,400 |
|
Plains All American Pipeline LP |
|
|
5,362,548 |
|
|
225,100 |
|
Questar Corp. |
|
|
11,903,288 |
|
|
300,000 |
|
Targa Resources Partners LP |
|
|
6,759,000 |
|
|
245,200 |
|
Williams Partners LP |
|
|
7,336,384 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
120,928,130 |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation6.4% |
|
|
|
|
|
494,800 |
|
Aries Maritime Transport Ltd. |
|
|
1,479,452 |
|
|
238,600 |
|
Genco Shipping & Trading Ltd.(d) |
|
|
16,267,748 |
|
|
860,100 |
|
OceanFreight, Inc. |
|
|
16,694,541 |
|
|
930,100 |
|
Paragon Shipping, Inc., Class A |
|
|
14,267,734 |
|
|
390,400 |
|
Seaspan Corp. |
|
|
9,283,712 |
|
|
546,000 |
|
Ship Finance Intl. Ltd. |
|
|
16,238,039 |
|
|
|
|
|
|
|
|
|
|
|
|
|
74,231,226 |
|
||
|
|
|
|
|
|||
|
|
|
Total Common Stocks |
|
|
1,099,467,607 |
|
|
|
|
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Short-Term Securities |
|||||||
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|
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Money Market Funds6.8% |
|
|
|
|
|
56,504,000 |
|
BlackRock Liquidity Series, LLC Money Market Series, 2.45%(e)(f)(g) |
|
|
56,504,000 |
|
|
22,333,578 |
|
Fidelity Institutional Money Market Prime Portfolio, 2.63%(e) |
|
|
22,333,578 |
|
|
|
|
|
|
|||
|
|
|
Total Short-Term Securities |
|
|
78,837,578 |
|
|
|
|
|
|
|||
|
|||||||
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Contracts |
|
Options Purchased |
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|
|
||
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|
||
|
|
|
Outstanding Call Options Purchased0.6% |
|
|
|
|
|
50,000 |
|
Apache Corp., strike price $140, expires 11/03/08 |
|
|
155,980 |
|
|
25,000 |
|
Devon Energy Corp., strike price $120, expires 11/03/08 |
|
|
61,905 |
|
|
20,000 |
|
Diamond Offshore Drilling, Inc., strike price $137, expires 11/03/08 |
|
|
81,776 |
|
|
300 |
|
Genco Shipping & Trading Ltd., strike price $65, expires 11/18/08 |
|
|
341,250 |
|
|
170,000 |
|
Genco Shipping & Trading Ltd., strike price $66.92, expires 11/03/08 |
|
|
1,610,631 |
|
|
425 |
|
Hess Corp., strike price $125, expires 11/24/08 |
|
|
204,000 |
|
|
100,000 |
|
Massey Energy Co., strike price $51.92, expires 11/03/08 |
|
|
2,509,250 |
|
|
250 |
|
Massey Energy Co., strike price $65, expires 01/19/09 |
|
|
490,000 |
|
|
285 |
|
NRG Energy, Inc., strike price $50, expires 12/22/08 |
|
|
10,687 |
|
|
50,000 |
|
Peabody Energy Corp., strike price $59.45, expires 11/03/08 |
|
|
636,815 |
|
|
250 |
|
Silver Wheaton Corp., strike price $20, expires 11/26/08 |
|
|
5,673 |
|
|
250 |
|
Transocean, Inc., strike price $135, expires 11/24/08 |
|
|
343,750 |
|
|
250 |
|
Transocean, Inc., strike price $165, expires 11/24/08 |
|
|
96,250 |
|
|
100 |
|
Transocean, Inc., strike price $175, expires 11/24/08 |
|
|
23,250 |
|
1
|
|
Schedule of Investments July 31, 2008 (Unaudited) |
BlackRock Global Energy and |
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|
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|
|
Contracts |
|
Options Purchased |
|
Value |
|||
|
|
|
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|
|||
|
|
|
Total Outstanding Options
Purchased |
|
$ |
6,571,217 |
|
|
|
|
|
|
|||
|
|
|
Total Investments Before Outstanding Options Written |
|
|
|
|
|
|
|
(Cost$859,443,983*)101.9% |
|
|
1,184,876,402 |
|
|
|
|
|
|
|||
|
|
|
Outstanding Options Written |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding Call Options Written(2.0)% |
|
|
|
|
|
(100,000 |
) |
Apache Corp., strike price $155, expires 11/03/08 |
|
|
(149,680 |
) |
|
(25,000 |
) |
Arch Coal, Inc., strike price $61, expires 11/20/08 |
|
|
(145,683 |
) |
|
(25,000 |
) |
Arch Coal, Inc., strike price $66, expires 11/21/08 |
|
|
(109,860 |
) |
|
(25,000 |
) |
Arch Coal, Inc., strike price $70, expires 11/03/08 |
|
|
(67,245 |
) |
|
(50,000 |
) |
Arch Coal, Inc., strike price $75.05, expires 12/19/08 |
|
|
(157,975 |
) |
|
(250 |
) |
Arch Coal, Inc., strike price $85, expires 01/19/09 |
|
|
(58,125 |
) |
|
(10,000 |
) |
BG Group Plc, strike price 13.05 GBP, expires 11/21/08 |
|
|
(8,106 |
) |
|
(150,000 |
) |
BG Group Plc, strike price 14.12 GBP, expires 11/04/08 |
|
|
(47,199 |
) |
|
(400 |
) |
BHP Billiton Ltd. (ADR), strike price $100, expires 11/24/08 |
|
|
(42,000 |
) |
|
(300 |
) |
BHP Billiton Ltd. (ADR), strike price $90, expires 11/24/08 |
|
|
(72,750 |
) |
|
(100 |
) |
BHP Billiton Ltd. (ADR), strike price $95, expires 11/24/08 |
|
|
(16,500 |
) |
|
(45,000 |
) |
Bill Barrett Corp., strike price $65.50, expires 11/21/08 |
|
|
(14,526 |
) |
|
(25,000 |
) |
Cabot Oil & Gas Corp., strike price $56, expires 11/23/08 |
|
|
(53,263 |
) |
|
(25,000 |
) |
Cabot Oil & Gas Corp., strike price $66, expires 11/21/08 |
|
|
(23,292 |
) |
|
(30,000 |
) |
Cameron Intl. Corp., strike price $51, expires 11/21/08 |
|
|
(115,767 |
) |
|
(15,000 |
) |
Cameron Intl. Corp., strike price $56, expires 11/21/08 |
|
|
(34,413 |
) |
|
(300 |
) |
Cameron Intl. Corp., strike price $60, expires 11/24/08 |
|
|
(44,250 |
) |
|
(400 |
) |
Cameron Intl. Corp., strike price $65, expires 11/24/08 |
|
|
(32,000 |
) |
|
(10,000 |
) |
Canadian Natural Resources Ltd., strike price $100, expires 11/20/08 |
|
|
(24,779 |
) |
|
(12,500 |
) |
Canadian Natural Resources Ltd., strike price $95, expires 11/20/08 |
|
|
(41,969 |
) |
|
(500 |
) |
Chesapeake Energy Corp., strike price $50.05, expires 11/17/08 |
|
|
(309,855 |
) |
|
(10,000 |
) |
Chesapeake Energy Corp., strike price $66, expires 11/20/08 |
|
|
(19,587 |
) |
|
(50,000 |
) |
Chesapeake Energy Corp., strike price $68, expires 11/03/08 |
|
|
(65,595 |
) |
|
(25,000 |
) |
Consol Energy, Inc., strike price $100, expires 11/03/08 |
|
|
(79,363 |
) |
|
(100 |
) |
Consol Energy, Inc., strike price $120, expires 01/19/09 |
|
|
(35,000 |
) |
|
(40,000 |
) |
Consol Energy, Inc., strike price $88, expires 11/20/08 |
|
|
(265,496 |
) |
|
(50,000 |
) |
Consol Energy, Inc., strike price $90, expires 11/20/08 |
|
|
(306,170 |
) |
|
(500 |
) |
Consol Energy, Inc., strike price $95, expires 08/18/08 |
|
|
(20,000 |
) |
|
(10,000 |
) |
Core Laboratories N.V., strike price $136, expires 11/21/08 |
|
|
(92,028 |
) |
|
(55 |
) |
Core Laboratories N.V., strike price $150, expires 09/22/08 |
|
|
(11,137 |
) |
|
(100 |
) |
Devon Energy Corp., strike price $130, expires 08/18/08 |
|
|
(500 |
) |
|
(50,000 |
) |
Devon Energy Corp., strike price $132, expires 11/03/08 |
|
|
(62,455 |
) |
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
|
Value |
|
|
|
|||||||
|
|
|
Outstanding Call Options Written (contd) |
|
|
|
|
|
(40,000 |
) |
Diamond Offshore Drilling, Inc.,
strike |
|
$ |
(66,412 |
) |
|
(100 |
) |
Diamond Offshore Drilling, Inc.,
strike |
|
|
(11,750 |
) |
|
(300 |
) |
Duvernay Oil Corp., strike price
60 CAD, |
|
|
(663,607 |
) |
|
(300 |
) |
Duvernay Oil Corp., strike price
61 CAD, |
|
|
(643,098 |
) |
|
(10,000 |
) |
EnCana Corp., strike price $85, |
|
|
(26,103 |
) |
|
(15,000 |
) |
EnCana Corp., strike price $90, |
|
|
(26,073 |
) |
|
(25,000 |
) |
EOG Resources, Inc., strike
price $150.05, |
|
|
(16,965 |
) |
|
(25,000 |
) |
EOG Resources, Inc., strike
price $155.05, |
|
|
(12,807 |
) |
|
(40,000 |
) |
Equitable Resources, Inc.,
strike price $66, |
|
|
(32,612 |
) |
|
(47,500 |
) |
Equitable Resources, Inc.,
strike price $67, |
|
|
(33,734 |
) |
|
(15,000 |
) |
Equitable Resources, Inc., strike price $71.81, expires 11/03/08 |
|
|
(3,403 |
) |
|
(100,000 |
) |
EXCO Resources, Inc., strike
price $25.50, |
|
|
(407,990 |
) |
|
(100,000 |
) |
EXCO Resources, Inc., strike
price $25.98, |
|
|
(354,310 |
) |
|
(100,000 |
) |
EXCO Resources, Inc., strike
price $30.50, |
|
|
(223,150 |
) |
|
(100,000 |
) |
EXCO Resources, Inc., strike
price $35.50, |
|
|
(114,050 |
) |
|
(50,000 |
) |
Forest Oil Corp., strike price
$68, expires |
|
|
(173,790 |
) |
|
(20,000 |
) |
Forest Oil Corp., strike price
$76, expires |
|
|
(39,542 |
) |
|
(400 |
) |
Galleon Energy, Inc., strike
price 20 CAD, |
|
|
(26,368 |
) |
|
(340,000 |
) |
Genco Shipping & Trading Ltd., strike price $73.61, expires 11/03/08 |
|
|
(2,088,926 |
) |
|
(600 |
) |
Genco Shipping & Trading
Ltd., strike |
|
|
(423,708 |
) |
|
(38,000 |
) |
Genco Shipping & Trading Ltd., strike price $76, expires 11/21/08 |
|
|
(261,239 |
) |
|
(250 |
) |
Goldcorp, Inc., strike price
$49, expires |
|
|
(24,027 |
) |
|
(45,000 |
) |
Goldcorp, Inc., strike price
$50.50, |
|
|
(32,967 |
) |
|
(150 |
) |
Goodrich Petroleum Corp., strike
price |
|
|
(48,375 |
) |
|
(30,000 |
) |
Halliburton Co., strike price
$45, expires |
|
|
(120,252 |
) |
|
(30,000 |
) |
Halliburton Co., strike price
$46, expires |
|
|
(107,175 |
) |
|
(150 |
) |
Halliburton Co., strike price
$51, expires |
|
|
(23,208 |
) |
|
(697 |
) |
Helix Energy Solutions Group,
Inc., strike |
|
|
(78,413 |
) |
|
(75,000 |
) |
Helmerich & Payne, Inc.,
strike price |
|
|
(572,558 |
) |
|
(25,000 |
) |
Helmerich & Payne, Inc.,
strike price $63, |
|
|
(115,668 |
) |
|
(125 |
) |
Hess Corp., strike price $120,
expires |
|
|
(75,000 |
) |
|
(60,000 |
) |
Hess Corp., strike price $125,
expires |
|
|
(270,174 |
) |
|
(200,000 |
) |
Massey Energy Co., strike price $75, expires 11/04/08 |
|
|
(2,169,680 |
) |
|
(500 |
) |
Massey Energy Co., strike price
$80, |
|
|
(627,500 |
) |
2
|
|
Schedule of Investments July 31, 2008 (Unaudited) |
BlackRock Global Energy and |
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding Call Options Written (contd) |
|
|
|
|
|
(200 |
) |
National Oilwell Varco,
Inc., strike price |
|
$ |
(63,000 |
) |
|
(40,000 |
) |
National Oilwell Varco,
Inc., strike price |
|
|
(436,468 |
) |
|
(100 |
) |
National Oilwell Varco,
Inc., strike price |
|
|
(29,750 |
) |
|
(40,000 |
) |
National Oilwell Varco,
Inc., strike price |
|
|
(340,260 |
) |
|
(25,000 |
) |
Newfield Exploration Co.,
strike price |
|
|
(50,452 |
) |
|
(50,000 |
) |
Newfield Exploration Co.,
strike price |
|
|
(61,385 |
) |
|
(690 |
) |
Newfield Exploration Co.,
strike price |
|
|
(57,263 |
) |
|
(250 |
) |
Newfield Exploration Co.,
strike price |
|
|
(18,125 |
) |
|
(27,000 |
) |
Noble Corp., strike price
$57.55, expires |
|
|
(79,915 |
) |
|
(300 |
) |
Noble Corp., strike price
$60, expires |
|
|
(102,000 |
) |
|
(25,000 |
) |
Noble Corp., strike price
$61, expires |
|
|
(51,807 |
) |
|
(100 |
) |
Noble Corp., strike price
$70, expires |
|
|
(12,000 |
) |
|
(100,000 |
) |
NRG Energy, Inc., strike
price $50, |
|
|
(23,710 |
) |
|
(400 |
) |
Occidental Petroleum Corp.,
strike |
|
|
(157,232 |
) |
|
(20,000 |
) |
Occidental Petroleum Corp.,
strike |
|
|
(84,940 |
) |
|
(1,500 |
) |
OceanFreight, Inc., strike
price $26, |
|
|
(16,365 |
) |
|
(200,000 |
) |
Paragon Shipping, Inc.,
Class A, strike |
|
|
(40,780 |
) |
|
(15,000 |
) |
Patriot Coal Corp., strike
price $42.50, |
|
|
(677,805 |
) |
|
(100,000 |
) |
Peabody Energy Corp.,
strike price |
|
|
(802,540 |
) |
|
(50,000 |
) |
Peabody Energy Corp.,
strike price $75, |
|
|
(315,970 |
) |
|
(1,000 |
) |
Peabody Energy Corp.,
strike price $75, |
|
|
(760,000 |
) |
|
(100,000 |
) |
Penn Virginia Corp., strike
price $61.42, |
|
|
(786,540 |
) |
|
(50,000 |
) |
Penn Virginia Corp., strike
price $64.43, |
|
|
(333,535 |
) |
|
(500 |
) |
Penn Virginia Corp., strike
price $80, |
|
|
(151,250 |
) |
|
(225 |
) |
PetroHawk Energy Corp.,
strike price |
|
|
(34,875 |
) |
|
(30,000 |
) |
Petroleo Brasileiro S.A.
(ADR), strike |
|
|
(44,292 |
) |
|
(50,000 |
) |
Petroleo Brasileiro S.A.
(ADR), strike |
|
|
(56,750 |
) |
|
(250 |
) |
Plains All American
Pipeline LP, strike |
|
|
(22,500 |
) |
|
(50,000 |
) |
Plains Exploration &
Production Co., |
|
|
(299,440 |
) |
|
(50,000 |
) |
Plains Exploration &
Production Co., |
|
|
(216,300 |
) |
|
(12,000 |
) |
Potash Corp. of
Saskatchewan, strike |
|
|
(458,419 |
) |
|
(200 |
) |
Potash Corp. of
Saskatchewan, strike |
|
|
(785,000 |
) |
|
(200 |
) |
Potash Corp. of
Saskatchewan, strike |
|
|
(401,000 |
) |
|
(55,000 |
) |
Questar Corp., strike price
$61, expires |
|
|
(105,463 |
) |
|
(10,000 |
) |
Questar Corp., strike price
$66.32, |
|
|
(7,100 |
) |
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding Call Options
Written |
|
|||
|
(150 |
) |
Range Resources Corp.,
strike price |
|
$ |
(36,750 |
) |
|
(38,700 |
) |
Range Resources Corp.,
strike price |
|
|
(48,797 |
) |
|
(20,000 |
) |
Range Resources Corp.,
strike price |
|
|
(23,666 |
) |
|
(65,000 |
) |
Saipem S.p.A., strike price
32.45 EUR, |
|
|
(21,032 |
) |
|
(30,000 |
) |
SBM Offshore N.V., strike
price 25.50 |
|
|
(1,913 |
) |
|
(100 |
) |
Schlumberger Ltd., strike
price $100, |
|
|
(41,000 |
) |
|
(20,000 |
) |
Schlumberger Ltd., strike
price $100, |
|
|
(202,848 |
) |
|
(100 |
) |
Schlumberger Ltd., strike
price $110, |
|
|
(28,250 |
) |
|
(200 |
) |
Schlumberger Ltd., strike
price $110, |
|
|
(119,000 |
) |
|
(10,000 |
) |
Schlumberger Ltd., strike
price $111.75, |
|
|
(61,331 |
) |
|
(100 |
) |
Schlumberger Ltd., strike
price $120, |
|
|
(31,000 |
) |
|
(1,500 |
) |
Ship Finance Intl. Ltd.,
strike price $35, |
|
|
(63,750 |
) |
|
(1,250 |
) |
Silver Standard Resources,
Inc., strike |
|
|
(215,625 |
) |
|
(25,000 |
) |
Silver Wheaton Corp.,
strike price |
|
|
(4,442 |
) |
|
(40,000 |
) |
Southwestern Energy Co.,
strike price |
|
|
(147,376 |
) |
|
(30,000 |
) |
Southwestern Energy Co.,
strike price |
|
|
(101,670 |
) |
|
(400 |
) |
Southwestern Energy Co.,
strike price |
|
|
(86,200 |
) |
|
(400 |
) |
Southwestern Energy Co.,
strike price |
|
|
(76,000 |
) |
|
(40,000 |
) |
StatoilHydro ASA, strike
price 188.64 |
|
|
(37,019 |
) |
|
(80,000 |
) |
StatoilHydro ASA, strike
price 205.70 |
|
|
(32,713 |
) |
|
(60,000 |
) |
Talisman Energy, Inc.,
strike price $21, |
|
|
(43,890 |
) |
|
(90,000 |
) |
Talisman Energy, Inc.,
strike price $24, |
|
|
(21,519 |
) |
|
(35,000 |
) |
Tenaris S.A. (ADR), strike
price $60, |
|
|
(212,310 |
) |
|
(500 |
) |
Transocean, Inc., strike
price $170, |
|
|
(150,000 |
) |
|
(100 |
) |
Transocean, Inc., strike
price $180, |
|
|
(17,500 |
) |
|
(600 |
) |
Weatherford Intl. Ltd.,
strike price |
|
|
(142,500 |
) |
|
(40,000 |
) |
Weatherford Intl. Ltd.,
strike price $81, |
|
|
(122,296 |
) |
|
(60,000 |
) |
Weatherford Intl. Ltd.,
strike price |
|
|
(93,162 |
) |
|
|
|
|
|
|||
Total Outstanding Call Options Written |
|
|
(22,508,992 |
) |
|||
|
|
|
|
|
|||
|
|
|
Outstanding Put Options Written(0.1)% |
|
|
|
|
|
(590 |
) |
Goodrich Petroleum Corp.,
strike price |
|
|
(324,282 |
) |
|
(450 |
) |
Goodrich Petroleum Corp.,
strike price |
|
|
(661,500 |
) |
|
(830 |
) |
PetroHawk Energy Corp.,
strike price |
|
|
(238,956 |
) |
3
|
|
Schedule of Investments July 31, 2008 (Unaudited) |
BlackRock Global Energy and |
|
|
|
|
|
|
|
|
Contracts |
|
Options Written |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding Put Options Written (contd) |
|
|
|
|
|
(680 |
) |
PetroHawk Energy Corp.,
strike price |
|
$ |
(248,200 |
) |
|
|
|
|
|
|
|
|
|
|
|
Total Outstanding Put Options Written |
|
|
(1,472,938 |
) |
|
|
|
|
|
|
|
|
|
|
|
Total Outstanding Options
Written |
|
|
(23,981,930 |
) |
|
|
|
|
|
|
|
|
|
|
|
Total Investments Net of Outstanding Options Written99.8% |
|
|
1,160,894,472 |
|
|
|
|
|
|
|
|
|
|
|
|
Other Assets in Excess of Liabilities0.2% |
|
|
1,769,817 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets100.0% |
|
$ |
1,162,664,289 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
The cost and unrealized appreciation (depreciation) of investments as of July 31, 2008, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
Aggregate cost |
|
$ |
844,505,968 |
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
358,228,434 |
|
Gross unrealized depreciation |
|
|
(17,858,000 |
) |
|
|
|
|
|
Net unrealized appreciation |
|
$ |
340,370,434 |
|
|
|
|
|
|
|
|
(a) |
Security, or a portion thereof, pledged as collateral for outstanding options written. |
|
|
(b) |
Non-income producing security. |
|
|
(c) |
Security is fair valued. |
|
|
(d) |
Security, or a portion of security, is on loan. |
|
|
(e) |
Represents current yield as of report date. |
|
|
(f) |
Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940 were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate |
|
|
Net Activity |
|
Interest Income |
|
|
|
|
|
|
|
|
|
|
BlackRock Liquidity Series, LLC Money Market Series |
|
|
12,216,250 |
|
$ 357,878 |
|
|
|
|
|
|
|
|
|
|
|
|
(g) |
Security purchased with the cash proceeds from securities loans. |
|
KEY TO ABBREVIATIONS |
|
ADR American Depositary Receipt |
CAD Canadian Dollar |
EUR Euro |
GBP British Pound |
NOK Norwegian Krone |
4
Item 2 | Controls and Procedures | ||
2(a) | The registrants principal executive and principal financial officers or persons performing similar functions have concluded that the registrants 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 registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants 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: September 19, 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: September 19, 2008 | |||
By: | /s/ Neal J. Andrews | ||
Neal J. Andrews | |||
Chief Financial Officer (principal financial officer) of | |||
BlackRock Global Energy and Resources Trust | |||
Date: September 19, 2008 | |||