The price of oil is just about all the growth to be found in the markets these days, according to five-star fund manager Neil Hennessy. He sees oil riding a bubble that will eventually burst, just as the technology and housing bubbles did, but for the investor right now, he says, the only alternative is to go with value.
The Hennessy Focus 30 Fund is up an average of 18.88 percent per year over the last three years.
"At some point in time, oil's going to reach that level, where somebody's going to say, 'Enough's enough,' and they're going to start to sell, and that's going to beget more selling," he told CNBC. "The oil markets have no curbs, so...it can fall to whatever it wants to."
Hennessy offered CNBC.com exclusively a list of value stocks that are worth a look, as investors wait for oil to top out:
Tupperware, Costco, Airgas, AK Steeland Bunge.
Hennessy and his family own shares of Tupperware, Costco, Airgas, AK Steel and Bunge.