When the OPEC’s price cartel was obliterated once more—this time by a March spat between Saudi Arabia and Russia at the absolute worst time—and oil fell to generational lows of $20 a barrel, HITE made a killing. JampelHITE Carbon Offset Fund has gained 32% year-t0-date, according to a source, while the S&P 500 index has fallen by about a quarter.It's so much easier to bet against the obvious losers.
Scores of shale producers now sit on the doorstep of bankruptcy, and the outlook isn’t much brighter for the industry’s infrastructure, from pipelines, to gas stations, transport ships, and refiners. “W After, Jampel decided to start a hedge fund with $650,000 of his savings, running long-short strategies in the energy sector. HITE “
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