Jim Rogers Blog
Buy Russia if you are bullish on Oil prices
I am optimistic about Russia. By the way if you want to buy oil or energy buy Russia, because their currency and their markets were demolished by the collapse of oil. So that would be a good way to invest if you think the price of oil will go up.
Russia has huge natural resource, big financial resources, and it is not a debtor nation like the US or some of the other nations we know and love. I would be rather buying Russia than selling.
THE CENTRAL EUROPE, RUSSIA AND TURKEY FUND INC.CEE
Largest Holdings as of 09/30/15
| Gazprom | 9.4 % |
|---|---|
| Lukoil | 7.7 |
| MMC NORILSK NICKEL PJSC-ADR | 5.1 |
| Powszechna Kasa Oszczednosci Bank Polski | 4.2 |
| MAGNIT | 3.4 |
| SBERBANK-SPONSORED ADR | 3.1 |
| MAGNIT OJSC-SPON GDR REGS | 2.6 |
| RICHTER GEDEON NYRT /HUF/ | 2.3 |
| BANK ST PETERSBURG | 2.2 |
| Cez | 2.0 |
| Total of Net Assets | 42.0 % |
DYI Comments: Russia and Turkey are not for the faint of heart; for speculative dollars only. My play on this speculation is if oil prices go down to the $10 to $20 dollar range then dive in with spec money (money you can afford to take a loss on). Once oil moves back up (recession ends) there is a possible big capital gain as these shares recover in price.
DYI
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