Constructive View on the Oil Selloff
Portfolio manager Brian Hicks joins hosts Liz Claman and Adam Shapiro of Fox’s After the Bell, to talk about where the opportunities lie in the energy space right now, particularly with oil hitting its lowest level in nearly six years. Brian says that although he is certainly feeling the pain of the drop in prices, he is actually becoming more and more constructive as the selloff continues.
Brian thinks that the oil stocks look very attractive here. He notes that in comparison to crude oil, they’ve actually been outperforming since mid-December.
See which area Brian says could really offer the most for a portfolio – is it drillers, refiners, integrated oils? Watch the replay to find out.
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Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.
Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 09/30/2014: Chevron Corp, Devon Energy Corp, EOG Resources Inc., Exxon Mobil Corp, Facebook Inc.
There is no guarantee that the issuers of any securities will declare dividends in the future or that, if declared, will remain at current levels or increase over time.
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