Buy oil companies
ConocoPhillips (COP)
Rationale
1. General move into commodities as currencies are shaky
2. Hubbert's Peak Oil Theory- The rate at which our current technology allows us to extract oil from the ground is soon to be outpaced by our demand for it
3. Oil is priced in dollars, which means a falling dollar increases nominal dollars per barrel
2. Hubbert's Peak Oil Theory- The rate at which our current technology allows us to extract oil from the ground is soon to be outpaced by our demand for it
3. Oil is priced in dollars, which means a falling dollar increases nominal dollars per barrel
Source
Seeking Alpha--
Allocated 10 percent of portfolio to ConocoPhillips (COP)
Allocated 10 percent of portfolio to ConocoPhillips (COP)
Price
$60/share
Current Allocation
10% GG
10% SLW
20% AONE
20% COP
40% Cash
Current Allocation
10% GG
10% SLW
20% AONE
20% COP
40% Cash
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