Jim Rogers says oil working towards bottom
Jim Rogers recently said "We are going back one day, a couple of years from now, and say that in 2015, 2016, 2017 and maybe, even 2018, oil made its bottom.... I don't know what the absolute bottom will be, but oil reserves around the world continue to decline... But after it made its bottom, prices will go higher for a while."
I share the same view as Mr Rogers, and therefore my portfolio is heavy on oil and gas.
Here's my oil portfolio:
I share the same view as Mr Rogers, and therefore my portfolio is heavy on oil and gas.
Here's my oil portfolio:
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Stock
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Price Bought
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CJ Energy
|
34 USD
|
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Enerplus
|
8.50 USD
|
|
Keppel Corp
|
6.40 SGD
|
My target is to keep these counters through the entire cycle of the next oil run. May consider taking profit in 2020?
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