Oakshire Financial
12-05-2011, 11:20 AM
Attention Shoppers: There are some amazing values currently available at bargain prices in the energy department. That’s pretty much what Chen Lin told us in this exclusive interview with The Energy Report. The current level of risk aversion by most investors has left the doors wide open for those who are willing to see real values and major potential in oil and gas producers.
The Energy Report: You last spoke with us in early June. What has transpired in the oil and gas markets since, and has it altered your investment thesis?
Chen Lin: The oil price has been going up and down because a lot of traders are mispositioned and are scrambling around. That makes the market very volatile. However, WTI is around $100 again, which is quite surprising because we are still in the middle of a recession. World oil demand is still there, and whenever there’s a drop in the oil price there’s a lot of buying. I’m quite surprised that oil is still around the $100 mark. Personally, I would like to see it in the $80 to $90 range. That’s actually good for the oil consumers. If gasoline is below $3.00 that really helps the…
more at Oakshire Financial (http://feedproxy.google.com/~r/oakshire/~3/JVj3u2Qb9sA/)
The Energy Report: You last spoke with us in early June. What has transpired in the oil and gas markets since, and has it altered your investment thesis?
Chen Lin: The oil price has been going up and down because a lot of traders are mispositioned and are scrambling around. That makes the market very volatile. However, WTI is around $100 again, which is quite surprising because we are still in the middle of a recession. World oil demand is still there, and whenever there’s a drop in the oil price there’s a lot of buying. I’m quite surprised that oil is still around the $100 mark. Personally, I would like to see it in the $80 to $90 range. That’s actually good for the oil consumers. If gasoline is below $3.00 that really helps the…
more at Oakshire Financial (http://feedproxy.google.com/~r/oakshire/~3/JVj3u2Qb9sA/)