Hedge funds back to buying energy stocks
Shares have been at the top of rally that began when markets slid in February
NEWYORK
— Bloomberg
Markets
What happens when you turn so sour on an industry that you cut holdings to the lowest level in seven years — and that industry rallies the most since 2011? According to one analyst, you buy.
That’s the theory of FBN Securities Inc’s JC O’Hara, who...
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