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Oil Prices On A Slippery Slope

June 1, 2017

Via: Forbes

As I’ve articulated in the last several Forbes.com articles, I believe that oil prices are going to drift much lower over the coming year. I keep harping on it because I am fighting a pervasive bullish bias in the financial media and in street expectations. It’s important as an investor to know what not to own.

And as a hedge fund manger, I’m making money on volatile oil prices by shorting three highly levered oil service companies: Ren Energy (REN), Andarko Petrolium (APC) and Continental Resources (CAR) as well as I’m long two levered (short) ETFs: SCO, tied to the price of oil directly, and DUG which reflects a short basket of energy companies.

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