T. Boone Pickens Says BP a ‘Good Buy’ After Five-Week High
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T. Boone Pickens, the billionaire energy investor, said that BP Plc is a good investment as the shares rebound after losing more than half their value following the Gulf of Mexico oil spill.
“You’re going to have to stand a little more heat, but I think they’ll kill the well by mid-August,” Pickens, chairman of Dallas-based BP Capital LLC, said in an interview with Kathleen Hays on Bloomberg Radio’s “The Hays Advantage” program yesterday. “They will further damage their image when they start the investigation, but today BP is good buy.”