02-21-2015, 03:07 PM
2-20-2015
T. Boone Pickens Predicts Oil Rebound, Buys 12 Energy Stocks
T. Boone Pickens, a billionaire oil investor, took to Youtube on Friday to update his followers on his outlook for oil prices, which have dropped precipitously over the past six months.
Pickens started the video by reminding viewers that he said on Dec. 23, 2014 to "watch the rig count."
"I said on Dec. 23, give me 12 to 18 months, and we'll be back to $80 or $90 a barrel. I still believe I'm right on that."
His investing during the fourth quarter backed up his thesis. Pickens purchased 12 new oil and gas stocks out of 15 new stocks purchased in total.
T. Boone Pickens Predicts Oil Rebound, Buys 12 Energy Stocks
T. Boone Pickens, a billionaire oil investor, took to Youtube on Friday to update his followers on his outlook for oil prices, which have dropped precipitously over the past six months.
Pickens started the video by reminding viewers that he said on Dec. 23, 2014 to "watch the rig count."
"I said on Dec. 23, give me 12 to 18 months, and we'll be back to $80 or $90 a barrel. I still believe I'm right on that."
His investing during the fourth quarter backed up his thesis. Pickens purchased 12 new oil and gas stocks out of 15 new stocks purchased in total.