GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Sunday, December 21, 2014

Elliott Gue: Lower Oil Prices for 12 More Months?

Jason Burack of Wall St for Main St interviewed returning guest, energy expert and energy analyst, Co-Founder and Chief Analyst at Capitalist Times and Energy & Income Advisor, Elliott Gue. Elliott's full bio can be found here: During this 40+ minute interview, Jason asks Elliott his opinion for why oil prices fell so much so quickly. Elliott thinks the market over reacted to the extra production for US shale oil production and that there's a temporary over supply in the oil market. He thinks the correction he been an indiscriminate sell off where quality oil companies have also been unfairly punished just for having oil or energy in their names. Elliott thinks oil prices could go lower for maybe up to 12 more months and oil could possibly test $40/barrel before US shale oil producers start going bankrupt and stop producing increasing amounts of shale oil. Jason and Elliott discuss investing opportunities in the oil sector and types of companies that can survive lower prices. Elliott says midstream master limited partnerships (MLPs) have much more stable cash flows than regular oil and gas producers although he names so other additional stock picks. Elliott thinks value investors looking for yield or income should do their research but that there are now great opportunities for income in oil at nice discounts.

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