Seeing $150 Barrel Oil | Room To Run In Energy Stocks
b"We see spare capacity at almost zero barrels of crude, says Ben Cook, Portfolio Manager, Hennessy Energy Transition Fund. We wouldn't be surprised to see oil in the $150 range this year into next, he says. He thinks higher oil prices are here to stay for some time. We think there is still opportunity to make money in the sector. He discusses their Hennessy Energy Transition Fund (HNRGX) with a strategy of companies of high quality assets, improving balance sheets, dividends and share repurchases, and good management. Ben gives specific names including EOG Resources (EOG). He also discusses the natural gas industry."