InterOil Corp (USA) (IOC)

PauvrePapillon (99.86) Submitted: 8/14/07 1:57 PM : Start Price: $37.62 IOC Score: -7.79

Most CAPS All-Stars don't like IOP but Boone Pickens does and Boone (i) starting with $2,500, a BS in geology and a mere three years of apprenticeship at Phillips Petroleum went on to amass a personal fortune of well over $3 billion; (ii) has been on a roll these past few years; (iii) arguably knows as much or more about the energy sector than anybody; and (iv) unlike most CAPS All-Stars, he plays with real money.

Since he has recently increased his IOC position, it’s safe to say Boone is pretty confident he knows what’s going on over there. History has shown that you can lose a lot of money betting against Boone Pickens. I prefer to take my chances throwing in with The Legend and betting against my CAPS compatriots on this one.

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