Fri, 18 May 2012 06:37:02 CDT
T. Boone Pickens has sold off his stake in Oklahoma-based Chesapeake Energy Corp., marking the first time since 2008 that the Texas billionaire has not owned part of the oil and gas company, Bloomberg News reports. Pickens, 83, dumped about half a million shares of Chesapeake (NYSE:CHK) stock between the first quarter and May 10, Bloomberg reports. Chesapeake shares have slid by 37 percent so far this year, including a fall of about 24 percent while Pickens was selling. The company has been in...
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