maslinsmith

Energy Investing: Scenarios for a Turnaround

Very interesting. Something to note, and which few write about: oil futures are in the steepest contango I have ever seen (or could have imagined). Oil for delivery in 6 years is at about $84.00 per barrel, almost double the near contract. It makes taking a long position in futures, and rolling the contracts as they come due, impossibly painful financially. What's your view on this situation? Thanks