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Alternative Market Briefing

Swiss hedge fund manger predicts oil price spike

Friday, June 19, 2015

Bailey McCann, Opalesque New York:

Insch Capital Management, a Lugano-based alternative investment manager, is predicting brent crude will trade above $82.00 per barrel by February 2016. The fund says the prediction is based on its analysis of a series of technical, chart-based and fundamental indicators including the relative strength index, moving average, and data on the speed and strength of recovery from price lows over the period 1986-present.

"We have a number of properties that we are currently considering adding to our portfolio [as a result of our price analysis]. If completed, these acquisitions will substantially increase not only our operating rig count but also our proven reserve. In turn, this increases our interest coverage ratio," said Insch Capital portfolio manager and CEO, Christopher L. Cruden.

The statement is surprising as few players in the oil and gas industry see prices spiking again at least in the near term. Indeed, Credit Suisse's Singapore-based energy team suggested that if US production remains the same the market could well see another price slump according to a research note released today.

This viewpoint was also echoed by Russian Energy Minister Alexander Novak at a panel at the St. Petersburg International Economic Forum (SPIEF). In his comments, Novak expected to see oil at no ......................

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