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View Full Version : The T. Boone Pickens alt-energy show rolls across America



Mixer!
3/25/2009, 09:38 PM
Financially, 2008 has not been kind to Pickens. His Dallas-based energy hedge fund, BP Capital Management, has been criticized by many on Wall Street for maintaining a bullish view on the price of oil throughout the year. The financial-information company Bloomberg reported in February that the fund lost some 97 percent of its value during the last three months of 2008 and sold off its positions in all but nine of its previously held 26 energy companies. The fund was worth just $40 million, down from nearly $1.3 billion at the end of September. Even by Pickens's standards, that's a lot of green.


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