Monday, December 5

Today we’re removing a series of assets that are going to cease profitability going forward. Ally Financial (ALLY), and Enviva Partners (EVA) are starting to break into a bearish period. EVA has been there for some time, but we held on the belief that it would turn around. With the OPEC deal continuing to look like empty promises, there is now much more loss to come for EVA. We have also temporarily closed our position in Chesapeake Energy (CHK) – while they are still going to come out of any OPEC deal stronger than they have been this year, recent sentiment will send them down a few points today.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s