The bet-against-the-herd crowd has to be licking its chops over the carnage in the oil pits. When the billionaire chairman of Canadian Natural Resources warns crude could hit $30 a barrel, contrarian alarms should be ringing from Alberta to Pascagoula.
Normally, a target that sticky would be a shoo-in for our call of the day, but not when Hillary Clinton “has lost her fastball” (more on that below). Instead, we’ll carve out a space for oil in our chart section, where one money manager uses Warren Buffett as a guide to finding value in the space.
The post When an oil man sees $30 a barrel, it’s time to sound contrarian alarms appeared first on Trunews:.
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