T. Boone Pickens Predicts Oil Rebound, Buys 12 Energy Stocks - Yahoo Finance
This is a great article about T. Boone Pickens and his oil price predictions. He believes the price of oil can get back to $80 per barrel or more in 12-18 months. He advised watching the decrease in rig counts. Four of his best stock picks were also mentioned: SWN, CXO, BHI, and APC. In addition, I like Rex Energy (REXX) on pullbacks. The stock was in the $4 range the last time I looked, and I think it is a buy anywhere below $4 because it could easily get to $6 or more when oil prices return to near normal.
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