Kerr Neilson, chief executive officer and a portfolio manager at Platinum Asset Management
Yeah, you read me right. World's Best Trader.
He's bought into Italian headquartered global oil producer, Eni
- "It is arguably more cheaply priced than its global peers on account of a horrid history of being the Italian national champ and dumping ground
- Eni has continued to have spectacular discovery success with the most recent 'Zohr' field potentially holding over 30 trillion cubic feet of gas off the Mediterranean coast of Egypt"
More generally - Neilson says all the signs are there for a potentially "long bottoming process" for the price of oil and commodities generally
"The fierce sell-down of a broad range of commodities and markets in the fourth quarter of the year ensures that the loneliest shepherd in Tibet has probably realised there are a glut of supply and dull demand prospects: in other words, any surprises to the positive will probably support at least a bounce"