Trade Alert
We are closing out our XLE short (hedge) position for a loss of 5.31% at $44.63.
For the main HFI Portfolio, we are buying Antero Resources.
Buy $400,000 of AR at $34.48 or 11,600 shares.
Rationale:
The rationale for closing out the XLE hedge is the following:
We want to focus our attention on how to take advantage of the incoming oil cycle turn.
W…