Oil Tycoon Pickens Boosted Energy Holdings as Rigs Bottomed Out

  • BP Capital Fund Advisors added stakes in pipeline companies
  • Fund exited stake in world’s biggest oil servicers provider

Oil Rises Amid OPEC Speculation

Oil tycoon T. Boone Pickens boosted the value of his energy holdings by more than a third in the second quarter, just as the U.S. oil rig count was bottoming out from the worst crude-market crash in a generation.

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