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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (7271)1/9/1998 10:28:00 AM
From: Redman  Respond to of 95453
 
GD

Richard Rainwater was the brains behind all the Bass fortune and their HUGE Disney investment. After he left there he was the mastermind behind Ensco (ESV), Hospital Corp of America (later bought by Columbia) and most recent he founded Crescent Real Estate (REIT). He has bought over 12 million square feet of office space in Houston over the last 2 years along with a shitload of raw land. He is betting big on Houston and its position as the energy capital. He is continually being criticized about his big bet here, and he just points to his past companies and said he caught the same shit when starting those. He is betting HUGE on oil and thinks it will eventually go well over $30 in next five years.

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