One Of The Biggest Oil Winners Of The Last Decade Decides To Get Out
June 12, 2008 at 12:51 pm · Category: Commodities
I sold my Chevron. I sold my Conoco Phillips. I sold my Statoil. I sold my ENSCO. I sold my Pioneer Natural Resources. I sold everything.
- Richard Rainwater, who made about $2 billion investing in energy stocks and futures over the last decade
Check out Justin Fox’s brief account of Richard Rainwater’s decision to sell his oil positions in May: “Will the Oil Bubble Burst?”, Time Magazine, June 5, 2008.
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