Savvy Trades and Investments

[SSKILLZ1]

Energy Plays

I don't own any right now, as I have turned on CRZO, AXAS, and LPI for various reasons. The two that in my opinion are in the best hedging strategy I am waiting for my price. This theory has become important to me in the last day or two because I don't like the way oil is bouncing off the recent bottom, and I'm not sure that is the ultimate bottom hence I need something that is hedged nicely in 2019 to ride out this short-term problem.

I like NOG and BCEI on weakness I own neither because both are off the bottom, but these two have become more liked over the last couple of days because they are in better position with their hedging in my opinion. Having said that I think I will get opportunities to buy both at better price as the fall back to recent lows on the next oil selloff. So I will wait patiently for that to happen. All is just my opinion, and I could always be wrong though.