- My “China reopening play” is oil. Zero-covid reduced demand by an estimated 0.5 to 1.5m bpd. Long term I think oil goes up anyway, but China makes me buy it now. Bought more CNQ and Equinor in the last 2 weeks, now its a 9% position (at buying price). 1% more to go.Its a very oily portfolio: 10% in oil producers, plus another 35% in things correlated to oil (Gas pipelines, palm oil and LNG). READ MORE
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