« Retail Electricity Suppliers Battle Utilities | Main | Warmer Winter Could Chill Natural Gas »
Tuesday
Oct062009

Pickens says increasing oil, natural gas exposure

DateTuesday, October 6, 2009 at 6:18PM

From Reuters:

Tue Oct 6, 2009 5:16pm EDT

Texas oil tycoon T. Boone Pickens said on Tuesday he has increased his long oil and natural gas position in recent weeks.

NEW YORK -- "It's not my personality to be short," said the billionaire who has made his fortune investing in the oil sector.

Oil prices are likely to be around $75 a barrel by the end of 2009 and $85 by the end of 2010, Pickens said, but added that an economic recovery could boost prices much higher.

See entire article here:

http://www.reuters.com/article/reutersComService_3_MOLT/idUSTRE5955OB20091006

AuthorShaun pandit | CommentPost a Comment |

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.

Notify me of follow-up comments via email.