Oil could be the biggest buying opportunity out there now, Ted Izatt, chief strategy officer at SDKA International, said Tuesday.
"My view is that this oil decline is going to represent one of the biggest investing opportunities of our lifetime, of this generation," he told CNBC's "Squawk on the Street."
Oil rallied Tuesday, bringing prices back above $39 a barrel, although still near a 6 ½-year low.
Izatt said major oil producers, like Saudi Arabia and Venezuela, are going to get hurt by lower prices and will eventually be forced to cut back their output. In the meantime, many U.S. oil companies will be struggling, he said.
"The key to being successful in the coming environment is to understand the credit and the fixed income of these companies to know which ones are going to survive, which ones are going to do the best," he said.
Izatt explained further that investors who start getting involved in companies that seem strong enough to survive (sound balance sheets, for example), "are going to make a lot of money."