Gentlemen, A Discussion About Oil

Last night another OPEC official stated they could not and would not reduce production, in order to maintain market share. Clearly, these people, with over a trillion in cash reserves, mean business. Furthermore, he stated they’d be glad to discuss coordinated production cuts with non-OPEC members. In other words, they are going to bankrupt the Bakken Shale, no matter the cost.

This morning, T. Boone Pickens said oil would trade back to $90 within 12-18 months. Do not laugh at this man, for he’s accomplished more than most of us combined. There is something happening in the space now, something that is far and beyond what lies in your juvenile charts. Steer clear of the sector and avoid it altogether. There comes a point in a man’s life when he evolves and no longer commits mistakes of his former youth. I believe last year was a turning point in my career, one that blazoned a new path for Le Fly, one that elevated my investment acumen to levels you could only dream of attaining.

Remember, it’s important to respect your adversaries, just before killing them.

While it’s true, I am beating the S&P 500 this year like a wet dog in China, by 15%. It’s also true that I have ground to make up for last year’s chicanery. But listen to me now, ever so quietly: my methods have changed and so will my performance.

Early this morning, bloody murder is taking place in the crude pits. I like anti-crude plays and will update you on a need-to-know basis.