Think an Oil Rebound On the Horizon? If So, Here’s an Interesting Off-Sector Play

(Before It's News)

by Mike ‘Mish’ Shedlock
Mish Talk

Is an energy rebound on the near horizon?

I wish I could answer that, but no one can. All we can say for sure is the price of oil is far closer to a bottom than a top.

If one assumes oil is bottoming, the energy sector is an obvious play. But there are other off-sector plays worth considering.

Bloomberg noted an interesting off-sector bet on rising energy prices in its report: World’s Biggest Miner May Be About to Toast Its Oil Drillers.

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