5 Energy Picks From a 5-Star Portfolio Manager
Oil and gas drillers are the most attractive subsectors within the energy industry now, said Derek Rollingson, portfolio manager at ICON Equity Funds.
He shared his top five stock recommendations.
“The price range of oil since June has been pretty steady, so you have increase in reserves based on discoveries and in technical developments,” Rollingson told CNBC.
“But that’s been offset partially by the decline in the dollar."
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Rollingson said he expects energy to be stuck in the current trading range for a while.
Rollingson’s Energy Picks:
Diamond Offshore Drilling
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Rollingson owns ATW, DO, PDE, MEE and OXY via owning his fund.