Now that crude is once again crashing and burning I have been playing bounces down here below $45 by shorting the 3X Crude Bear fund (DWTI). I am having a hard time at this point though taking any investment a step further to invest in any micro-cap oil, like ESTE - Earthstone. If oil stays this low for a longer period it could prove quite bad for these small players, even the ones with solid balance sheets like ESTE.
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Paul SaadSenior Manager, Paul Saad and Associates, LLC Archives
May 2020
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