With oil price in 10 years low and the demand of oil will certain continue. I can foresee a bull run in oil in the future. Currently crude oil trade 60 USD per barrel. The production cost for oil is about 50 per barrel. With this in mind, I have sold my core ETF position in US which result in a loss of 5000 HKD and put all that money into oil ETF in US. The purchase price is 20.74. I expect price to double in 1-2 years time.
Macao Millionaire Doctor
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