Decision brings end to momentous career of famed Texas oilman and corporate raider - From Financial Times
Boone Pickens, the Texas oilman and former corporate raider, is closing his energy-focused hedge fund, bringing to an end one of the most momentous US business careers of the past half-century.
He added that the past year “has not been good to me, from a health perspective or a financial one”, with a series of strokes late last year and a major fall over the summer.
He said hoped the property “winds up with an individual or entity that shares my conservation ethic”, to preserve its “pristine prairie conditions.” His fading vision and limited hearing had forced him to give up golf and hunting on the ranch.
In predicting the broad outlines of how US energy was changing, however, Mr Pickens was absolutely right.
He is a supporter of President Donald Trump, and last June praised the decision to withdraw the US from the Paris climate agreement, describing it as “another bad deal negotiated by the Obama administration.” He was reported to have hosted financial backers of Mr Trump at his Mesa Vista ranch in October, and is expected to be involved in fundraising for Republicans in the midterm elections next year.