Seeking Alpha

Schreiber shorts WTI crude at Ira Sohn

  • "There's $33B that's net long WTI (USO -0.4%)," says PointState Capital's Zach Schreiber at Ira Sohn. "Now, if you're long, I'm sorry for you, but this could make you feel comfortable," Or, he says, it might make you scared. "I'm sure that will be a smooth exit when all those clowns try to get out of the Volkswagon."
  • “U.S. crude is being drilled for by the same cast of characters that oversupplied the natural gas market ... We just saw this movie. Why should we expect a different outcome.”
  • Bearish on WTI crude (he suggests offsetting your short by buying some brent BNO), Schreiber is bullish on the U.S. refineries, naming Valero (VLO +0.7%) and Marathon Petroleum (MPC +0.3%) as two he owns.
  • ETFs: USO, OIL, UCO, SCO, DTO, DBO, CRUD, USL, DNO, UWTI, DWTI, SZO, OLO, OLEM, TWTI
  • Earlier Sohn coverage
  • Live blog
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|