Famous oil and energy market investor and billionaire T Boone Pickens
was on CNBC to discuss his views on Chesapeake Energy (NYSE:CHK
) and its disclosure of its CEO loans against his stake in wells owned by his company. He also discussed oil and natural gas industry trends, oil trends and overall investing environment in the energy sector.
On CHK, he said that the CEO having a stake in wells is not a new thing and he backs the CEO. In the natural gas space he said he has investments in Sadridge Energy (NYSE:SD
). He also sounded skeptical on Delta's deal to buy ConocoPhillips' (NYSE:COP
Here is the video:
About the author:
Dheeraj GroverI am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne