Reposted from @investingcom 'Oracle of oil' T. Boone Pickens dies at 91. .. T. Boone Pickens, a celebrated corporate raider and energy industry magnate who built an empire out of an initial $2,500 investment, died on Wednesday at age 91. .. Pickens had gained notoriety in the 1980s as a consummate dealmaker who launched audacious bids to take over giant oil companies including his former employer Phillips Petroleum Co, as well as Gulf Oil Corp and Unocal Corp with leveraged buyouts. .. He failed on all the big takeover bids but made millions of dollars in the process. With Gulf Oil, his bid drove the nation's fifth largest oil company into a record $13.2 billion merger with Chevron Corp and his bold moves landed him on the covers of magazines such as Forbes and Time. .. Pickens ran energy firms, hedge funds and wind farms, offering forecasts on oil prices and in 2008, when his fortune was estimated at $3 billion by Forbes magazine, announced the Pickens Plan for an energy independent United States. He promoted the plan in television ads and interviews and testified about it before Congress, bemoaning reliance on foreign oil and pushing the potential of wind energy. .. .. #oil #Oracleofoil #tycoon #TBoonePickens #energy #commodities #hedgefund #news #investingcom #markets #investor #investors #investment #investing #invest #NYSE #stockmarket #Pickens #shares #stock #stockprice #money #revenue #stockexchange #trillion #billion #money #finance #opportunity https://www.instagram.com/p/B8lsi00n3ry/?igshid=ib7ifvvpf24m
