From Business Insider:
BILLIONAIRE INVESTOR: 'The greatest energy investing opportunities we've ever seen'
The energy sector is about to throw up a once-in-a-lifetime investment opportunity.Earlier:
That is according to David Rubenstein, the billionaire cofounder and co-CEO of the alternatives giant Carlyle Group.
"Maybe the greatest energy investing opportunities we've ever seen" lie ahead, Rubenstein said December 9 at the Goldman Sachs Financial Services Conference in New York.
"Distressed debt is very popular right now."
Carlyle has a series of funds dedicated to energy deals with more than $10 billion in dry powder, according to Rubenstein.
He thinks Carlyle has done a good job of biding its time, and said prices still haven't reached a bottom. West Texas Intermediate crude oil dropped below $37 a barrel on Tuesday....MORE
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