- Oil demand is growing stronger than estimated.
- We believe shale production growth is set up to disappoint.
- Global oil liquids inventory is declining.
- Combined, we believe these factors should lead to higher prices for oil and energy related stocks.
Disclosures: Century Management reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The information provided in this report should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that the sectors discussed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable.
Past performance of markets, composites, or any individual securities is no guarantee of future results. The performance of accounts in any Century Management (“CM”) strategy may be materially different at any given time. Differences that may affect investment performance include strategy type, cash flows, inception dates, historical prices, and fees.
Positions held within each individual account may not be the same from one account to the next. Individual securities may be traded at different times as well as receive different execution prices. In addition, individual accounts may be pursuing similar objectives but may have different investment restrictions.
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