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.

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