Thursday, February 16, 2006

Boone Pickens is back, better than ever

SHAWN MCCARTHY

DALLAS -- Boone Pickens may have seen brighter days -- perhaps when he was winning renown as a corporate raider in the 1980s -- but they couldn't have been much better than his current run of good fortune. The legendary 78-year-old U.S. oilman believes he has finally achieved vindication, both for his role in shaking up entrenched oil company management 20 years ago and for his abiding faith that oil and gas markets would turn bullish again after the dismal 1990s.

His market conviction -- backed by adroit trading in energy stocks and commodities -- has in the past two years vaulted him into the ranks of America's wealthiest people, as measured by Forbes magazine.

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