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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