Richard Pzena’s Q4 Letter: The Normal Price of Oil

http://ift.tt/1zE7fk6

Richard Pzena of Pzena Investment Management discusses oil prices investing in exploration and production companies in his fourth quarter 2014 commentary. The markets are in the early stages of correcting for an oversupply of oil. There will be winners and losers, with the longterm oil price dictated by the economics of supply. The price of […]

The post Richard Pzena’s Q4 Letter: The Normal Price of Oil appeared first on ValueWalk.

via ValueWalk http://ift.tt/N5EEMJ