Pickens, Still Predicting Drop in Prices, to Keep Energy Stocks

Boone Pickens, the Dallas hedge fund manager who forecasts a drop in oil prices next year after predicting 2005’s rally, said he plans to retain his favorite energy stocks because he expects demand to remain strong.

Those equities include Calgary-based Suncor Energy Inc., Canadian Oil Sands Trust, EOG Resources Inc. and Quicksilver Resources Inc., Pickens said today in a Bloomberg television interview. “If we do anything on Suncor, we add,” he said.

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