mixter

T. Boone Pickens' Stocks Struggle

Poor 'ole T. Boon "Pickpocket"! I bought some of his Messa L.P. Preferred on the advice of a wealthy man who was knowledgeable as to the investments of Rice University's endowment fund. Due to poor performance, the shares took a reverse split, so I ended up with one share for every eight shares purchased. The $15 per share original stock price ended up netting $34 for every $1,500 invested. Of course, 'ole T still drew a big salary, big bonus's, and flew around in a corporate jet all the while, until he was kicked out of his job by the larger investors.

I am sure he is a "good old boy" (especially if you are and Okla. State University supporter). However, the bottom line is that he can, and does, make mistakes just like the rest of us. Where he is different is, he just likes to take bigger risks.

I also recall feeling sorry for some people who lost their jobs due to his corporate raiding ventures in the 70's.

The Cheap Oil Syndrome: 3 Stocks to Benefit

After having graduated with a geology degree from the University of Okla. (one of the better geology schools in the world) in 1958, and being unable to find a job because there was a glut of oil on the world market, it really doesn't bother me one bit that the oil companies are reaping large profits. Only two graduates out of a graduating class of 136 were offered exploration jobs that year.

Where was Teddy Kennedy and his ilk at that time? Why didn't they do something to help out?

Where were all the bleeding heart liberals during the oil bust of the early 1980's when 600,000 people lost their jobs and numerous energy related companies went bankrupt.

I'll tell you where they were, sitting on their butts enjoying cheap energy prices. Well, now they are paying the piper! Serves them right!

Thursday's Energy Trader: Oil Says 'See Ya Later'

There may be global warming, but my geology degree says it is due to the earth's natural cycle that occurs around every 1,500 years. The fools in congress think they are of such superior intellect that they will really screw things up with their idiotic mandates!