A leading hedge fund manager has named three oil and gas stocks he believes could rise in value by more than 300%
Transocean, the world's largest offshore drilling contractor, appears to be back in favor with investors.
A global oil stock has been identified as a prime "asymmetric" investment opportunity by a prominent Hedge Fund manager.
The oil price has fallen close to 10% in the first week of 2023, and is down some 30% since the highs recorded in the second half of 2022, when oil short positions soared.
The oil price has jumped $4 as OPEC and its allies consider a drastic plan to prop up the struggling crude market.
Traders are betting big on an oil price collapse just months after brent crude surged to an all-time-high following the break out of conflict in Ukraine.
The White House confirms surging oil prices and the impact this could have on the post-COVID global economic recovery has been on the agenda during discussion between Joe Biden's national security advisor and Saudi Crown Prince Mohammed bin Salman.