Gee, I guess this means his net worth may be cut in half, all the way down to maybe $2 billion. Poor fella! I recall him saying once he became a billionaire four different times. It's simply the nature of his business.
T. Boone Pickens Holdings Down Nearly 20% This Quarter [View article]
Interesting list. VERY heavy on LONG energy.
Since I live in the middle of the oil patch myself, I am quite familiar with many of these names. All but a couple (Shaw, for one) are very strong companies.
I like McMoran alot. They've been discovering large new gas finds in old shallow fields on the LA coast two miles down in 10 feet of water. Inexpensive exploration and production with a major upside.
Much like Warren, ol' Boone will do just fine over time, thank you.
It's All about Energy - Cramer's Mad Money (6/11/08) [View article]
Okay, guys. Here's the deal. Oil is FUNGIBLE, like money. We take some in, we send some out, it's all a wash. We've been exporting oil to Japan for decades. If we didn't, they'd buy it somewhere else. But it all costs the same, and it doesn't ADD to the total SUPPLY of oil, one way or the other.
Don't be fooled by this nonsense. It's just more smoke and mirrors advanced by the Greens to keep us from developing our own domestic energy reserves. Keep up the pressure on the politicians in Washington... we're almost there! That's what will make all forms of energy more affordable once more!
Boone Pickens' Holdings [View article]
T. Boone Pickens' Stocks Struggle [View article]
T. Boone Pickens Holdings Down Nearly 20% This Quarter [View article]
Since I live in the middle of the oil patch myself, I am quite familiar with many of these names. All but a couple (Shaw, for one) are very strong companies.
I like McMoran alot. They've been discovering large new gas finds in old shallow fields on the LA coast two miles down in 10 feet of water. Inexpensive exploration and production with a major upside.
Much like Warren, ol' Boone will do just fine over time, thank you.
It's All about Energy - Cramer's Mad Money (6/11/08) [View article]
Don't be fooled by this nonsense. It's just more smoke and mirrors advanced by the Greens to keep us from developing our own domestic energy reserves. Keep up the pressure on the politicians
in Washington... we're almost there! That's what will make all forms of energy more affordable once more!
It's All about Energy - Cramer's Mad Money (6/11/08) [View article]