Will Oil Markets Rebalance in 2016?
Date Posted: January 28, 2016
Read time: 3 min
JT Long of Streetwise’s The Energy Report talks with Frank Holmes and analyst Samuel Pelaez about the possibility of oil markets rebalancing in 2016.
JT Long of Streetwise’s The Energy Report talks with Frank Holmes and analyst Samuel Pelaez about the possibility of oil markets rebalancing in 2016. The two agree that there are still winners in the energy space, but you have to “move quickly.”
Sam and Frank highlight some of the sectors, such as refiners and low-cost producers, which are taking advantage of opportunities in this space. See which energy names these money managers have their eye on for the Global Resources Fund (PSPFX) by reading the full interview here.
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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the Global Resources Fund and World Precious Minerals Fund as a percentage of net assets as of 12/31/15: Boeing Co. 0.00%, BNK Petroleum Inc. (Global Resources Fund 0.39%, World Precious Minerals 0.00%), Dow Chemical (Global Resources Fund 0.97%, World Precious Minerals Fund 0.00%), EQT Midstream Partners LP 0.00%, Exxon Mobil Corp. (Global Resources Fund 0.96%, World Precious Minerals Fund 0.00%), Franco-Nevada Corp 0.00%, LyondellBasell Industries NV (Global Resources Fund 2.01%, World Precious Minerals Fund 0.00%), Marathon Petroleum (Global Resources Fund 0.21%, World Precious Minerals Fund 0.00%), Tesoro Corp. (Global Resources Fund 0.79%, World Precious Minerals Fund 0.00%), Valero Energy Corp (Global Resources Fund 1.14%, World Precious Minerals Fund 0.00%).
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