T. Boone Pickens Gets Cut in Half (no magician)

Seriously, he’s too old for this shit. I hate to see the elderly abused like this. I much prefer to do it myself, tossing them into traffic strapped inside of their wheeled chairs. Truth is, T. Boone is a boss. But life is cruel and unforgiving. Even the best of us go through downturns. It’s unfortunate, that in the latter years of his life, he’s going through his–thanks to fuckery largess.

Billionaire investor T. Boone Pickens reversed course in the third quarter by slimming down his energy holdings as the worst oil market downturn in decades drags on longer than many expected.

The value of energy holdings in his Dallas-based TBP Investments Management fund fell by more than half in the quarter to $35.6 million, according to data compiled by Bloomberg. The fund exited stakes in 13 companies including smaller oilfield contractors Pioneer Energy Services Corp., C&J Energy Services Ltd. and Patterson-UTI Energy Inc. It also sold off smaller positions in exploration companies Apache Corp. and Occidental Petroleum Corp.
Many of the positions Pickens’ fund sold were stakes it had bought in the second quarter.

The fund added stakes in three new exploration companies: Whiting Petroleum Corp., PDC Energy Inc. and Synergy Resources Corp.

Say a prayer to one of your Dennis Gartman statues tonight, in the hopes of a V-shape recovery for old Pickens.