I added another percent or two to BAS, because at $2.00 any recovery will yield 1,000% style returns and at this junction a few percent doesn’t greatly affect my risk profile. The over half of my account that’s in cash is going to sit tight until we get more clarity.
The rally in oil last week was great, but I have bad news. This run on oil companies isn’t done yet.
As an aside, this is interestingTwitter