Boone Pickens on Oil

No surprise here, oil tycoon Boone Pickens is an oil bull. According to Mr. Pickens, we are not near a top, although there could be a short term correction. I’m looking to buy on a pullback to the mid 70 range.

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4 thoughts on “Boone Pickens on Oil

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  1. Isn’t Mr. Pickens in the Peak Oil camp? If so, I’d be bullish on oil too. I mean, according to Peak Oil theorists we’d be looking at $200 oil when it peaks in the next few years. I’d be mortgaging the house, the kids,and the dog to buy oil future options.

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  2. You mentioned that you may have jumped on MT too early. I agree with that statement.I also think you rushed into BCSI, these trades seem contrary to your very effective pullback strategy.TC

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