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02 February 2015

Well, nobody seems to know what the future holds. Is oil at the bottom or are we heading down towards $20? Bargains for the brave abound now in the oil sector (is this a repeat of the bargains in 2008 in the banking sector?). You need to be careful but there is no doubt that a number of oil companies are at very conservative levels where any bounce in the oil price will positively impact them. Same in the Oil services sector. Perhaps better to wait until it is clear that the herd believe the oil price is going to zero and then buy (after the herd who is left?) your carefully chosen target.

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