Tuesday, June 12, 2012

T. Boone Pickens: I'm Not Ready To Buy Chesapeake Energy Just Yet




T. Boone Pickens has some good news for natural gas investors: the price of the compressed hydrocarbon cannot possibly get any lower.  And when prices head higher, Chesapeake Energy should be a winner.

Speaking on CNBC, the BP Capital head said production cuts and looming freight demand will push prices above $3 per million British thermal units within the year….

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