Phealing Fuct
So I have a week and a half to master the energy industry, have a thesis for overweighting or underweighting the sector, and a name to buy in the large cap space. I only just discovered that "crack spread" has nothing to do with Bolivian Marching Powder. If anyone has any opinions on the price of oil or natural gas, I am all ears... or I guess all eyes.
posted by Odoacer at
10:24 AM
3 Comments:
Greg,
Instead of trying to predict the price of Nat. Gas or Oil, which I am not sure that any can do effectively even if you are right on top of the market - SEE HEDGE FUND THAT LOST 60% on Nat. Gas.
I think the better method is to understand the businesses - who has reserves, who is losing reserves, who is the best refiner - sweet and sour, where is the new exploration and who is building the stuff for drills / oil rigs etc. I can't say any specifics since I am at work, but understand the businesses and see who benefits the most from rising oil prices, the least, and who is least hurt by declining oil prices, most hurt.
But what do I know, i cover specialty retail.
One of my favorite sites:
http://www.wtrg.com/
Call Craig's analyst.
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