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Commodities Briefing - Categorized | Energy, Fund Profile, Investment more

Pickens reduces energy investments, holdings fall 97%

Posted on 18 February 2009

From Bloomberg: T. Boone Pickens, the billionaire hedge-fund manager who forecasts oil will more than double in the next 10 months after being driven down by the global recession, shed energy-related shares as their value declined, a public filing showed today.

Pickens, who held 26 energy companies in his BP Capital Management LP fund as of a Nov. 14 filing, had nine according to a filing made today….. Full Article: Source


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